# Finance Act 2014, Paragraph 153


(1) The amendments made by paragraph 113 above have no effect in a case where P ceases to hold the scheme-related employment before 6 April 2014.
(2) If immediately before 6 April 2014 the scheme was an approved SAYE option scheme which contains provision authorised by paragraph 34(5) of Schedule 3 to ITEPA 2003, on and after that date the scheme has effect with any modifications needed to reflect the amendments made by paragraph 113 above (subject to sub-paragraph (1) of this paragraph).

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Source: https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/153 (the official version)
Page: https://openlegislation.uk/finance-act-2014/schedule-8/paragraph-153
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.