# Finance (No. 2) Act 2015, Paragraph 13


In section 186A (the number of employees requirement)—
(a) in subsections (1) and (2) for “250” substitute “ the permitted limit ”, and
(b) after subsection (3) insert—
“(3A) The permitted limit” means—
(a) if the issuing company is a knowledge-intensive company (see section 252A) at the time the relevant shares are issued, 500, and
(b) in any other case, 250.
(3B) The Treasury may by regulations amend subsection (3A)(a) or (b) by substituting a different number for the number for the time being specified there.”

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Source: https://www.legislation.gov.uk/ukpga/2015/33/schedule/5/paragraph/13 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2015/schedule-5/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.