•The company (C) ceases to meet the trading requirement (see 2.8). This would occur if, for example, C sells its business or its trading subsidiaries.
•The settlement ceases to meet the all-employee benefit requirement (see 2.9) for any reason or the trustees act in a way that the trusts, as required by the all-employee benefit requirement, do not permit. This could, for example, be because:
–the terms of the trust deed are altered to permit the exercise of a dispositive power in a manner that does not accord with the restrictions in TCGA 1992, s. 236J; or