Requirements to be met as regards cash dividends
This section has no associated Explanatory Notes
63(1)If a SIP makes the provision authorised by paragraph 62(1) (reinvestment of cash dividends), the following paragraphs apply—
paragraph 64 (limit on amount reinvested),
paragraph 65 (general requirements as to dividend shares),
paragraph 66 (acquisition of dividend shares),
paragraph 67 (holding period for dividend shares), and
paragraph 68 (reinvestment: amounts to be carried forward).
(2)The plan must meet any plan requirements contained in those paragraphs.
(3)A SIP must in any event meet the plan requirement contained in paragraph 69 (cash dividends not required to be reinvested).