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) More than one change • UK fee: group + group bulk (half) fee applies UMBRELLA : a main change, and

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