Part 9 Trustees

1. Requirements etc. relating to trustees: introduction
2. Establishment of trustees
3. Duty to monitor participants in connected schemes
4. Duty to act in accordance with participant’s directions
5. Duty not to dispose of plan shares
6. Duty to make payments to participants
7. Duty to give notice of award of shares etc.
8. Power of trustees to borrow
9. Power of trustees to raise funds to subscribe for rights issue
10. Acquisition by trustees of shares from employee share ownership trust
11. Meeting by trustees of PAYE obligations
12. Other duties of trustees in relation to tax liabilities