{
  "url": "https://openlegislation.uk/personal-equity-plan-amendment-regulations-1995/regulation-3",
  "json_url": "https://openlegislation.uk/personal-equity-plan-amendment-regulations-1995/regulation-3.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": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Amendments to the principal Regulations",
  "text": "(1) In regulation 2(1)(a) —\n(a) after the definition of “the Board” there shall be inserted—\n““company” means any body corporate having a share capital other than—\n(a) a building society within the meaning of the Building Societies Act 1986,\n(b) an incorporated friendly society established under the Friendly Societies Act 1992,\n(c) an industrial and provident society registered under the Industrial and Provident Societies Act 1965, and\n(d) a body corporate which is a 51 per cent. subsidiary of any such building society, incorporated friendly society or industrial and provident society;\n“51 per cent. subsidiary” and “75 per cent. subsidiary” have the meaning given by section 838 of the Taxes Act;”\n(b) after the definition of “savings-related share option scheme” there shall be inserted—\n““security” means any loan stock or similar security of a company whether secured or unsecured;”\n(c) after the definition of “single company plan” there shall be inserted—\n““venture capital trust” has the meaning given by section 842AA of the Taxes Act;.”\n(2) For the Table in regulation 2(2) there shall be substituted—\n“\nTerm defined\nRegulation\nAnnual claim\n20\nDesignated company\n4A(1)(a)\nInterim claim\n19\nOther qualifying shares\n6(2)(ab)\nPaired shares\n6B(4)\nPlan\n4(1)\nQualifying EC shares\n6(2)(aa)\nQualifying individual\n7\nQualifying investments for general plans\n6\nQualifying investments for single company plans\n6B\nQualifying securities\n6(2)(ac)\nSubscription limit\n4(4)\n”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Amended by S.I. 1990/678, 1991/773, 2774."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1986 c. 53."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "1992 c. 40."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "1965 c. 12."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "Section 842AA was inserted by section 70 of the Finance Act 1995 (c. 4)."
    },
    {
      "type": "footnote",
      "label": "f6",
      "text": "Substituted by S.I. 1991/2774."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/1539/regulation/3",
    "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."
}