PART 7U.K.Share incentive plans: employee share ownership trusts
91U.K.Part 9 of Schedule 2 to ITEPA 2003 (trustees) is amended as follows.
92U.K.In paragraph 70 (introduction) in sub-paragraph (2)—
(a)after the entry for paragraph 77 insert “ and ”, and
(b)omit the entry for paragraph 78.
93(1)Omit paragraph 78 (acquisition of shares from employee share ownership trusts).U.K.
(2)A trust instrument made before the day on which this Act is passed has effect with the omission of any provision falling within a provision of Schedule 2 to ITEPA 2003 omitted by this paragraph.