Regulation 3 Amendments to the principal Regulations

after the definition of “gains” there shall be inserted–

• ““general plan” means a plan which is not a single company plan;”

for the definition of a “plan investment” there shall be substituted–

“a “plan investment” is–

(i)

in relation to a general plan, an investment under the plan which is a qualifying investment for such a plan within the meaning of regulation 6, and

(ii)

in relation to a single company plan, an investment under the plan which is a qualifying investment for such a plan within the meaning of regulation 6B;”

after the definition of “recognised stock exchange” there shall be inserted–

• ““release date” has the meaning given by section 187(2) of the Taxes Act;

• “savings-related share option scheme” has the meaning given by paragraph 1 of Schedule 9 to the Taxes Act;”

after the definition of “share” there shall be inserted–

• ““single company plan” has the meaning given by regulation 4A;”