reg 27A Notification of scheme member in liquidation etc. and obligations in relation to that scheme member
(1) Where, in any compliance period, a scheme member goes into liquidation or receivership or enters administration, the scheme ceases to have obligations under regulation 28(1) or 29(1) in relation to that scheme member for— (a) the remainder of the compliance period; and (b) if the scheme member is already registered with that scheme for that compliance period, the following compliance period. (2) Where paragraph (1) applies, the operator of that scheme must notify the appropriate authority within 28 days of the date that the operator was notified of the liquidation, receivership or administration. (3) A notification made under paragraph (1) must— (a) be made in writing; (b) inform the authority of the fact and the date of the liquidation, receivership or administration; (c) be accompanied by evidence that the scheme member has gone into liquidation or receivership or entered administration. (4) If, on the date of entry into liquidation, receivership or administration, the scheme member is already registered with the scheme for the following compliance period, the operator of the scheme must notify the appropriate authority in writing of the details of the conclusion of the liquidation, receivership or administration. (5) The notification referred to in paragraph (4) must be made within 28 days of the operator of the scheme receiving notification of the information referred to in that paragraph. (6) In this regulation, in relation to a producer who is an individual, the references to a person going into liquidation or receivership or entering into administration are to be construed as references to a person dying or becoming bankrupt or incapacitated, and cognate expressions are to be construed accordingly.