{
  "url": "https://openlegislation.uk/personal-equity-plan-regulations-1989/regulation-6",
  "json_url": "https://openlegislation.uk/personal-equity-plan-regulations-1989/regulation-6.json",
  "legislation": "uksi/1989/469",
  "legislation_title": "The Personal Equity Plan Regulations 1989",
  "legislation_url": "https://openlegislation.uk/personal-equity-plan-regulations-1989",
  "path": "regulation/6",
  "kind": "regulation",
  "number": "6",
  "heading": "Qualifying investments",
  "text": "(1) This regulation specifies the kind of investments (“qualifying investments”) which may be purchased, made or held under a plan.\n(2) Qualifying investments to which paragraph (1) refers are–\n(a) ordinary shares, not being shares in an investment trust, issued by a company which is incorporated in the United Kingdom and quoted in the official list of a recognised stock exchange in the United Kingdom or dealt in on the Unlisted Securities Market;\n(b) subject to the conditions specified in paragraph (3), investments in–\n(i) an authorised unit trust, or\n(ii) an investment trust;\n(c) cash which the plan manager is entitled to hold for investment under a plan.\n(3) The conditions specified in this paragraph are–\n(a) that the total amount of the cash subscription to the plan invested in authorised unit trusts and investment trusts in any year does not exceed one half of the subscription limit; and\n(b) that on and after 6th April 1990 at least 75 per cent. in value of the investments subject to the trusts of a unit trust scheme which is an authorised unit trust or held by an investment trust are qualifying investments within paragraph (2)(a).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "replaced (by reg 6)",
      "affecting": "uksi/2001/923",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 2001"
    },
    {
      "type": "substituted",
      "affecting": "uksi/2001/3629",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001"
    },
    {
      "type": "substituted",
      "affecting": "uksi/2001/3629",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001"
    },
    {
      "type": "substituted for reg. 6(4)(a)(iv)(v)",
      "affecting": "uksi/2001/3629",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001"
    },
    {
      "type": "word substituted",
      "affecting": "uksi/2001/3629",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001"
    },
    {
      "type": "substituted",
      "affecting": "uksi/2001/3629",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001"
    },
    {
      "type": "am",
      "affecting": "uksi/2001/3777",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 2001"
    },
    {
      "type": "rev.in pt.",
      "affecting": "uksi/1997/1716",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1997"
    },
    {
      "type": "amended",
      "affecting": "uksi/1997/1716",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1997"
    },
    {
      "type": "amended",
      "affecting": "uksi/1997/1716",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1997"
    },
    {
      "type": "amended",
      "affecting": "uksi/1997/1716",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1997"
    },
    {
      "type": "amended",
      "affecting": "uksi/1997/1716",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1997"
    },
    {
      "type": "added",
      "affecting": "uksi/1997/1716",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1997"
    },
    {
      "type": "amended",
      "affecting": "uksi/1997/1716",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1997"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1997/1716",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1997"
    },
    {
      "type": "added",
      "affecting": "uksi/1997/1716",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1997"
    },
    {
      "type": "replaced (by reg.6(3)",
      "affecting": "uksi/1997/1716",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1997"
    },
    {
      "type": "amended",
      "affecting": "uksi/1997/1716",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1997"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1997/1716",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1997"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1997/1716",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1997"
    },
    {
      "type": "added",
      "affecting": "uksi/1997/1716",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1997"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1997/1716",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1997"
    },
    {
      "type": "amended",
      "affecting": "uksi/1991/2774",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1991"
    },
    {
      "type": "added",
      "affecting": "uksi/1991/2774",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1991"
    },
    {
      "type": "revoked",
      "affecting": "uksi/1991/2774",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1991"
    },
    {
      "type": "amended",
      "affecting": "uksi/1991/2774",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1991"
    },
    {
      "type": "added",
      "affecting": "uksi/1991/2774",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1991"
    },
    {
      "type": "amended",
      "affecting": "uksi/1991/2774",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1991"
    },
    {
      "type": "amended",
      "affecting": "uksi/1991/2774",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1991"
    },
    {
      "type": "revoked",
      "affecting": "uksi/1991/2774",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 1991"
    },
    {
      "type": "amended",
      "affecting": "uksi/1993/756",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1993"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1993/756",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1993"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1993/756",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1993"
    },
    {
      "type": "replaced (by paras (3)-(6))",
      "affecting": "uksi/1993/756",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1993"
    },
    {
      "type": "added",
      "affecting": "uksi/1995/1539",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1995"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1995/1539",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1995"
    },
    {
      "type": "added",
      "affecting": "uksi/1995/1539",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1995"
    },
    {
      "type": "amended",
      "affecting": "uksi/1995/1539",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1995"
    },
    {
      "type": "added",
      "affecting": "uksi/1995/1539",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1995"
    },
    {
      "type": "replaced (by paras.(i) (ii)(iii)(iv))",
      "affecting": "uksi/1995/1539",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1995"
    },
    {
      "type": "amended",
      "affecting": "uksi/1995/1539",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1995"
    },
    {
      "type": "replaced (by paras.(i) (ii))",
      "affecting": "uksi/1995/1539",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1995"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1995/1539",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1995"
    },
    {
      "type": "amended",
      "affecting": "uksi/1995/1539",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1995"
    },
    {
      "type": "added",
      "affecting": "uksi/1995/1539",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1995"
    },
    {
      "type": "inserted",
      "affecting": "uksi/1991/733",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1991"
    },
    {
      "type": "amended",
      "affecting": "uksi/1991/733",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1991"
    },
    {
      "type": "added",
      "affecting": "uksi/1991/733",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1991"
    },
    {
      "type": "amended",
      "affecting": "uksi/1990/678",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1990"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1992/623",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1992"
    },
    {
      "type": "amended",
      "affecting": "uksi/1992/623",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1992"
    },
    {
      "type": "revoked",
      "affecting": "uksi/1992/623",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1992"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1992/623",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 1992"
    },
    {
      "type": "am (pt 17.11.2003) (residue 6.4.2004)",
      "affecting": "uksi/2003/2748",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 2003"
    },
    {
      "type": "amended",
      "affecting": "uksi/2000/3109",
      "affecting_title": "The Personal Equity Plan (Amendment)Regulations 2000"
    },
    {
      "type": "amended",
      "affecting": "uksi/1996/346",
      "affecting_title": "The Deregulation (Restrictive Trade Practices Act 1976) (Amendment) (Variation of Exempt Agreements) Order 1996"
    },
    {
      "type": "am",
      "affecting": "uksi/2005/3348",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 2005"
    },
    {
      "type": "rev in pt",
      "affecting": "uksi/2005/3348",
      "affecting_title": "The Personal Equity Plan (Amendment No. 2) Regulations 2005"
    },
    {
      "type": "am",
      "affecting": "uksi/2005/2562",
      "affecting_title": "The Personal Equity Plan (Amendment) Regulations 2005"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1989/469/regulation/6",
    "retrieved_at": "2026-10-29T15:47:16.475674+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."
}