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Paragraph 6

United Kingdom

F1(1)

A SIP must meet the plan requirements contained in—

  • paragraph 7 (the purpose of the plan),

  • paragraph 8 (all-employee nature of plan),

  • paragraph 9 (participation on same terms),

  • paragraph 10 (no preferential treatment for directors and senior employees),

  • paragraph 11 (no further conditions), and

  • paragraph 12 (no loan arrangements).

F2(2)

The requirements of this Part are also to be taken to include the requirements of paragraphs 89 and 90 (plan termination notices etc).

Annotations

Textual amendments

F1

Sch. 2 para. 6 renumbered as Sch. 2 para. 6(1) (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 18(1), 89 (with Sch. 8 paras. 90-96)

F2

Sch. 2 para. 6(2) inserted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 18(2), 89 (with Sch. 8 paras. 90-96)

Notes on Schedule 2

Textual amendments

F1

Word in Sch. 2 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 14, 89 (with Sch. 8 paras. 90-96)