{
  "url": "https://openlegislation.uk/personal-equity-plan-amendment-no-2-regulations-1991/regulation-8",
  "json_url": "https://openlegislation.uk/personal-equity-plan-amendment-no-2-regulations-1991/regulation-8.json",
  "legislation": "uksi/1991/2774",
  "legislation_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1991",
  "legislation_url": "https://openlegislation.uk/personal-equity-plan-amendment-no-2-regulations-1991",
  "path": "regulation/8",
  "kind": "regulation",
  "number": "8",
  "heading": "Amendments to the principal Regulations",
  "text": "After regulation 6A there shall be inserted–\n“Qualifying investments for single company plans\n6B –\n(1) This regulation specifies the kinds of investments (“qualifying investments for single company plans”) which may be purchased, made or held under a single company plan.\n(2) Qualifying investments for single company plans to which paragraph (1) refers are—\n(a) where the designated company is a company, not being an investment trust, which satisfies the description specified in regulation 6(2)(a), ordinary shares issued by the designated company and ordinary shares or qualifying EC shares representing those shares;\n(b) where the designated company is a company which satisfies the conditions specified in regulation 6(2A)(b), qualifying EC shares issued by that company and qualifying EC shares or ordinary shares representing those shares;\n(c) investments in units comprising ordinary shares or qualifying EC shares in the designated company which are paired with ordinary shares in another company, not being an investment trust, which satisfies the description specified in regulation 6(2)(a) or qualifying EC shares in another company which satisfies the conditions specified in regulation 6(2A)(b);\n(d) subject to regulation 4A(1)(c), cash deposited in accordance with regulation 5(3)which the plan manager holds for the purpose of investment in such ordinary shares, qualifying EC shares or paired shares.\n(3) Shares in the designated company which are not qualifying investments for single company plans within the meaning of paragraph (2), and which have been transferred in accordance with regulation 4A(2), may also be held under a single company plan but may only be purchased in the circumstances described in regulation 5(5)(b).\n(4) For the purposes of these Regulations shares in the designated company are paired with shares in another company where–\n(a) the articles of association or other instruments governing each of the companies provide that no share in the company to which they relate may be transferred otherwise than as part of a unit comprising one share in that company and one share in the other; and\n(b) such units have been offered for sale to the public at the same time and at the same price or, if such units have been offered for sale to the public in more than one country, the offers were made in each country at the same time and at a broadly equivalent price.\n(5) For the purposes of these Regulations shares represent other shares when a transaction occurs in relation to the original holding which would, apart from anything in these Regulations, result in a new holding being equated with the original holding for the purposes of capital gains tax.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1991/2774/regulation/8",
    "retrieved_at": "2026-10-29T14:32:58.999607+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}