SCHEDULES

SCHEDULE 8 U.K.Employee share schemes

PART 1 U.K.Share incentive plans

Other amendments: Individual Savings Account Regulations 1998 (S.I. 1998/1870) U.K.

85 U.K.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);”.