Regulation 7 Qualifying individuals who may invest under a plan
(1)
This regulation specifies the description of individual who may invest under a plan (“qualifying individual”).
(2)
A qualifying individual to whom paragraph (1) refers is an individual–
(a)
who is 18 years of age or over,
(b)
who (subject to regulation 10) has not subscribed to any other plan during the year for which he makes an application under regulation 9, and
(c)
(i)
who is resident and ordinarily resident in the United Kingdom, or
(ii)
who, though non-resident, performs duties which by virtue of section 132(4)(a) of the Taxes Act (Crown employees serving overseas) are treated as being performed in the United Kingdom.