{
  "url": "https://openlegislation.uk/personal-equity-plan-amendment-regulations-1995/note",
  "json_url": "https://openlegislation.uk/personal-equity-plan-amendment-regulations-1995/note.json",
  "legislation": "uksi/1995/1539",
  "legislation_title": "The Personal Equity Plan (Amendment) Regulations 1995",
  "legislation_url": "https://openlegislation.uk/personal-equity-plan-amendment-regulations-1995",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the Personal Equity Plan Regulations 1989 (“the principal Regulations”) and, subject to conditions which are set out in the Regulations, extend the range of investments which may be held under general plans to preference shares and convertible preference shares of companies incorporated in member States of the European Union and to bonds and convertible bonds of companies incorporated in the United Kingdom. The shares and bonds of authorised credit institutions and European authorised credit institutions are excluded from this extension. However, the range of investments which may be held within the 50 per cent. rule by unit trusts and investment trusts whose units and shares or securities are held under plans is similarly extended.\nRegulation 1 provides for citation and commencement and regulation 2 contains definitions.\nRegulations 3 to 10 contain amendments to the principal Regulations. Regulation 3 inserts further definitions and regulations 4 and 5 make consequential amendments. Regulation 6 amends regulation 6 of the principal Regulations (qualifying investments for general plans) and provides for the extension of the range of qualifying investments and the conditions which corporate bonds must satisfy before they can be held under plans or by unit or investment trusts whose units and shares or securities are held under plans. Regulation 7 excludes venture capital trusts from the investments which can be held under single company plans and regulations 8 to 10 make consequential amendments.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/1539/note",
    "retrieved_at": "2026-10-29T13:07:35.375982+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."
}