SCHEDULES

SCHEDULE 8Employee share schemes

PART 3CSOP schemes

Amendments to Chapter 8 of Part 7 of ITEPA 2003

160

1

Section 521 (introduction to CSOP schemes) is amended as follows.

2

In the heading omit “Approved”.

3

In subsection (1)—

a

omit paragraph (a), and

b

in paragraph (b) for “those” substitute CSOP schemes which are Schedule 4 CSOP.

4

Omit subsection (2).

5

In subsection (3)(c) for “approved” substitute “ Schedule 4 ”.

6

In subsection (4)—

a

omit the definition of “approved”, and

b

after the definition of “CSOP scheme” insert—

Schedule 4 CSOP scheme” is to be read in accordance with paragraph 1 and Part 7 of Schedule 4;