http://www.legislation.gov.uk/uksi/1997/511/introduction/madeThe Personal Equity Plan (Amendment) Regulations 1997Building societiesIncome taxTaxBusiness practice and regulationIncomeKing's Printer of Acts of Parliament2016-01-21INCOME TAX These Regulations further amend the Personal Equity Plan Regulations 1989 (S.I. 1989/469 as amended by S.I. 1990/678, 1991/733, 2774, 1992/623, 1993/756, 1995/1539, 3287, 1996/846 and 1355) (“the principal Regulations”) and come into force on 20th March 1997. The main effect of the amendments is that, from the date when these Regulations come into force, members and employees (including former employees and their dependents who are pensioners) of mutual insurance companies and their wholly-owned subsidiaries, who are entitled to acquire shares on advantageous terms in successor companies, will be able to subscribe to a plan by transferring to it shares which they are entitled to acquire in this way. These Regulations also amend the similar provisions relating to shares in the successor companies of building societies so that former employees of societies and their wholly-owned subsidiaries and their dependents who are pensioners may transfer such shares which they are entitled to acquire on advantageous terms to a plan. 1997 No. 511 Made 26th February 1997 Laid before the House of Commons 27th February 1997 Coming into force 20th March 1997 The Treasury, in exercise of the powers conferred on them by section 333 of the Income and Corporation Taxes Act 1988 and section 151 of the Taxation of Chargeable Gains Act 1992, hereby make the following Regulations: 1988 c. 1; section 333 was amended by section 70 of the Finance Act 1991 (c. 31). 1992 c. 12; section 151 was amended by section 85 of the Finance Act 1993 (c. 34) and by section 64(2) of the Finance Act 1995 (c. 4).