S.L. 371.9 Art. 31Transfer of Contributions.

(1) If a member is lawfully entitled to cease to be a member and joins a DGS in another Member State, the Scheme shall transfer the Compensation Contributions paid by that member during the twelve months preceding the end of the membership to the relevant DGS.

(2) If some of the activities of a member are transferred to another Member State and become subject to a DGS in another Member State, the Compensation Contributions paid by that member during the twelve months preceding the transfer shall be transferred to the relevant DGS in proportion to the amount of covered deposits transferred.

(3) The provisions of the preceding sub-regulations shall not apply:

(a) if the member has been excluded from the Scheme pursuant to regulation 22(6); or

(b) to Management Expenses Contributions; or

(c) to extraordinary Compensation Contributions pursuant to regulation 25(2).

(4) If a member intends to transfer some or all of its activities to another Member State, it shall give at least six months’ notice of its intention to do so to the Scheme. During that period, the member shall remain under the obligation to pay all contributions to the Scheme pursuant to these regulations.