Paragraph 15
United Kingdom
A CSOP scheme must meet the requirements of—
paragraph 16 (shares must be ordinary shares of certain companies),
paragraph 17 (requirements as to listing) F1, and
paragraph 18 (shares must be fully paid up and not redeemable) ...
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Sub-paragraph (1) and the other paragraphs of this Part are subject to paragraph 25A(7B).
In this Part “eligible shares” means shares which may be acquired by the exercise of share options under the scheme.
Annotations
Textual amendments
- F1
Word in Sch. 4 para. 15(1) inserted (with effect in accordance with s. 16(7) of the amending Act) by Finance (No. 2) Act 2023 (c. 30), s. 16(3)(a) (with s. 16(9)(10))
- F2
Sch. 4 para. 15(1A) inserted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 171, 204 (with Sch. 8 paras. 205-215)