# Finance Act 2003, Paragraph 16


(1) In paragraphs 10(2) and (3), 11(3) and (4) and 13(2) (material interest), for “10%” substitute “ 25% ”.
(2) This paragraph has effect for the purpose of determining whether a person is eligible to participate in a scheme on the date on which this Act is passed or any later date (by altering what constitutes a material interest on that date and within the 12 months preceding that date).

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/21/paragraph/16 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-21/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.