CRED Managing Variations Effectively

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- are there different types of groups? - consider the impact on fees

CONSEQUENTIAL : unavoidable and direct result of main change • not simply a change occurring at the same time • UK fee: single variation fee applies • one or more related changes • clear relationship between the changes • common data set • UK fee: grouped variation fee applies • identically applied to products: • different strengths, forms of same MA, or to > 1 MA ( same holder) BULK: Identical, specific change(s) UMBRELLA : a main change, and

One change

• UK fee: single + bulk (half) variation fee applies

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