# The Personal Equity Plan (Amendment) Regulations 1996, Regulation 5: Amendments to the principal Regulations


In regulation 6B(2)—
(a) for sub-paragraph (a) there shall be substituted—
“(a) where the designated company is incorporated in the United Kingdom and is neither an investment trust nor a venture capital trust, ordinary shares issued by that company which are officially listed on a recognised stock exchange in a member State, or dealt in on the Unlisted Securities Market, and ordinary shares satisfying that description or qualifying EC shares which represent those shares;”
(b) in sub-paragraph (b) for the word “representing” there shall be substituted the words “satisfying the description in sub-paragraph (a) which represent”;
(c) for sub-paragraph (c) there shall be substituted—
“(c) investments in units comprising ordinary shares in the designated company (being a company which is incorporated in the United Kingdom and is neither an investment trust nor a venture capital trust) which satisfy the description in sub-paragraph (a), or qualifying EC shares in the designated company (being a company which satisfies the conditions in regulation 6(2A)(b)), which are paired with—
(i) ordinary shares in another company (being a company which is incorporated in the United Kingdom and is neither an investment trust nor a venture capital trust) which satisfy the description in sub-paragraph (a), or
(ii) qualifying EC shares in another company which satisfies the conditions specified in regulation 6(2A)(b);”.

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Source: https://www.legislation.gov.uk/uksi/1996/846/regulation/5 (the official version)
Page: https://openlegislation.uk/personal-equity-plan-amendment-regulations-1996/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.