# Income Tax (Earnings and Pensions) Act 2003, Paragraph 2


(1) In the CSOP code a “CSOP scheme” means (in accordance with section 521(4)) a scheme which—
(a) is established by a company,
(b) provides for share options to be granted to employees and directors, and
(c) is not an SAYE option scheme (within the meaning of the SAYE code: see section 516(4)).
(2) In the CSOP code, in relation to a CSOP scheme—
“participant” means an individual who has been granted (but has not yet exercised) share options under the scheme (“the options”);
“participate” means obtain and exercise share options under the scheme;
“the scheme organiser” means the company which has established the scheme.

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/4/paragraph/2 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-4/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.