SCHEDULES
SCHEDULE 8Employee share schemes
PART 1Share incentive plans
85Other amendments: Individual Savings Account Regulations 1998 (S.I. 1998/1870)
In regulation 2 (interpretation) in paragraph (1)(a)—
a
omit the definition of “approved SIP”,
b
in the definitions of “ceasing to be subject to the plan”, “participant” and “plan shares” for “an approved” substitute “a Schedule 2”, and
c
at the appropriate place insert—
“Schedule 2 SIP” shall be construed in accordance with the SIP code (see section 488(3) of ITEPA 2003);