Regulation 6 Amendment of regulation 7 (qualifying investments for a stocks and shares component)

(1)

Amend regulation 7^f1 as follows.

(2)

In paragraph (2), in each of sub-paragraphs (b)(iii) and (d), for “paragraphs (7) and” substitute “paragraph”.

(3)

Omit paragraph (2)(e).

(4)

In paragraph (2)(h)—

(a)

in sub-paragraph (i) for “a savings-related share option scheme” substitute “an approved SAYE option scheme”;

(b)

in sub-paragraph (iii) for “employee share ownership plan” substitute “SIP”.

(5)

Omit paragraph (7).

(6)

In paragraph (8)—

(a)

in the words before sub-paragraph (a) for “trust, scheme or UCITS, or investments subject to the trusts of the scheme, as the case may be,” substitute “investment trust”;

(b)

in the words after sub-paragraph (b) for the words from “trust,” to the end substitute “investment trust”.

(7)

Omit paragraph (9).

(8)

In paragraph (10)(a) for “a savings-related share option scheme” substitute “an approved SAYE option scheme”.

(9)

In paragraph (14) omit “(e),” and for “, (g) or (ga)” substitute “or (g)”.

Annotations

Footnotes

f1: Regulation 7 was relevantly amended by S.I. 2000/2079, 2001/3629; 2003/2747, 2005/2561 and 2005/3350.