Regulation 3 Amendments to the principal Regulations

In regulation 2(1)(a) (Interpretation) after the definition of an “ account manager” there shall be inserted—

• ““approved employee share ownership plan”, “participant”, “ plan shares” and (in relation to plan shares) “ceasing to be subject to the plan” shall have the meanings given in Schedule 8 to the Finance Act 2000^f1, except that, in construing “plan shares”, paragraph 115(8), and the words “or securities or rights” in paragraph 116(1), of that Schedule, shall be omitted;”.