{
  "url": "https://openlegislation.uk/personal-equity-plan-amendment-regulations-2005/note",
  "json_url": "https://openlegislation.uk/personal-equity-plan-amendment-regulations-2005/note.json",
  "legislation": "uksi/2005/2562",
  "legislation_title": "The Personal Equity Plan (Amendment) Regulations 2005",
  "legislation_url": "https://openlegislation.uk/personal-equity-plan-amendment-regulations-2005",
  "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 (S.I. 1989/469). The effects of the Regulations are (1) to apply the “cash like test” in regulation 6(13) to shares and securities and (2) to make a small change to the annual information returns required from account managers.\nRegulation 1 provides for citation and commencement and regulation 2 for amendment of the 1989 Regulations. Regulation 3 amends the definition of “the Board” to refer to the Commissioners for Her Majesty’s Revenue and Customs.\nRegulation 4 applies the “cash like test” to shares and securities.\nRegulation 7 makes a change to the annual information return to require the reporting of U.K. or foreign government securities.\nThese Regulations impose no new costs (exceeding the minimum threshold) on business.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/2562/note",
    "retrieved_at": "2026-10-29T04:52:39.814663+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."
}