# The Personal Equity Plan (Amendment No. 2) Regulations 1991, Regulation 3: Amendments to the principal Regulations


(1) In regulation 2(1)(a)–
(a) after the definition of “gains” there shall be inserted–
““general plan” means a plan which is not a single company plan;”
(b) 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;”
(c) 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;”
(d) after the definition of “share” there shall be inserted–
““single company plan” has the meaning given by regulation 4A;”
(2) In regulation 2(2) for the Table there shall be substituted—
“
Term defined
Regulation
Annual claim
20
Designated company
4A(1)(a)
Interim claim
19
Paired shares
6B(4)
Plan
4(1)
Qualifying EC shares
6(2)(aa)
Qualifying individual
7
Qualifying investments for general plans
6
Qualifying investments for single company plans
6B
Subscription limit
4(4).
”

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Source: https://www.legislation.gov.uk/uksi/1991/2774/regulation/3 (the official version)
Page: https://openlegislation.uk/personal-equity-plan-amendment-no-2-regulations-1991/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.