# Income Tax (Earnings and Pensions) Act 2003, Paragraph 15

Extent: E+W+S+N.I.

(1) A CSOP scheme must meet the requirements of—
paragraph 16 (shares must be ordinary shares of certain companies),
paragraph 17 (requirements as to listing) , and
paragraph 18 (shares must be fully paid up and not redeemable) ...
...
...
(1A) Sub-paragraph (1) and the other paragraphs of this Part are subject to paragraph 25A(7B).
(2) In this Part “eligible shares” means shares which may be acquired by the exercise of share options under the scheme.

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/4/paragraph/15 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-4/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.