Regulation 3 Amendments to the principal Regulations

for the definition of “controlling director” substitute—

• ““controlling director” in relation to a company means a person who is, or was within the ten years immediately preceding the event in question—

  1. (a)

     a director as defined in section 612(1) of the Taxes Act (interpretation for the purposes of Chapter 1 of Part 14), and

  2. (b)

     within paragraph (b) of section 417(5) of the Taxes Act (meaning of director for the purposes of provisions about close companies);”;

after the definition of “controlling director” insert—

• ““electronic communications” includes any communications by means of a telecommunications system (within the meaning of the Telecommunications Act 1984^f1);”;

after the definition of “friendly society” insert—

• ““governing instrument” in relation to a retirement benefits scheme means a trust deed, or other document by which the scheme is established, and any other document (except an enactment) which contains provisions by which the administration of the scheme is governed;”;

after the definition of “shares” insert—

• ““signed” in relation to a document includes the incorporation in it, or the logical association with it, of an electronic signature, as defined in section 7(2) of the Electronic Communications Act 2000^f2;”;

for the definition of “small self-administered scheme” substitute—

• ““small self-administered scheme” means an approved scheme which is a small self-administered scheme within the meaning given by regulation 2(1) of the 1991 Regulations^f3; and”;

omit the definition of “unlisted company”.