Regulation 4 Amendments to the principal Regulations

Amend regulation 5 (investment and borrowing transactions of small self-administered schemes) as follows.

In paragraph (1)(a) after “on the relevant form supplied by” insert “or in the relevant document delivered by”.

For paragraph (4) substitute—

“(4)

In paragraph (3) above—

(a)

“unlisted company” means a company which is not listed on a recognised stock exchange within the meaning of section 841(1) of the Taxes Act (recognised stock exchanges and recognised investment exchanges), but does not include an open-ended investment company within the meaning of section 236 of the Financial Services and Markets Act 2000 (meaning of open-ended investment company for the purposes of Part 17 of that Act)^f1; and

(b)

references to a company associated with an employer shall be construed in accordance with regulation 2(9) of the 1991 Regulations.”.