{
  "url": "https://openlegislation.uk/personal-equity-plan-amendment-no-2-regulations-1995/regulation-5",
  "json_url": "https://openlegislation.uk/personal-equity-plan-amendment-no-2-regulations-1995/regulation-5.json",
  "legislation": "uksi/1995/3287",
  "legislation_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1995",
  "legislation_url": "https://openlegislation.uk/personal-equity-plan-amendment-no-2-regulations-1995",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Amendments to the principal Regulations",
  "text": "In regulation 11(2)—\n(a) for sub-paragraph (b) there shall be substituted—\n“(b) a plan manager must be—\n(i) an authorised person within the meaning of Chapter III of Part I of the Financial Services Act 1986 (“the 1986 Act”), or\n(ii) a European institution which may carry on home-regulated investment business in the United Kingdom in accordance with the Banking Co-ordination (Second Council Directive) Regulations 1992;”\n(b) at the end of sub-paragraph (c) there shall be added—\n“; and\n(d) a plan manager who is a European institution or a relevant authorised person and who does not have a branch or business establishment in the United Kingdom, or has such a branch or business establishment but does not intend to carry out all his functions as a plan manager at that branch or business establishment, must fulfil one of the three requirements specified in regulation 11A.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1986 c. 60; section 13 was amended by section 206(1) of, and paragraph 1 of Part I of Schedule 23 to, the Companies Act 1989 (c. 40) and section 23 was substituted by section 98(a), and paragraph 1 of Part I of Schedule 18 to, the Friendly Societies Act 1992 (c. 40)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/3287/regulation/5",
    "retrieved_at": "2026-10-29T12:55:15.206001+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."
}