SCHEDULES
SCHEDULE 3Approved SAYE option schemes
Part 8Approval of schemes
Approval ineffective after unapproved alteration
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(1)
If—
(a)
an alteration is made in an SAYE option scheme that has been approved, and
(b)
the alteration has not been approved by the Inland Revenue,
the approval of the scheme is ineffective after the date of the alteration.
(2)
Where the Inland Revenue—
(a)
have been requested to approve any alteration in such a scheme, and
(b)
have decided whether or not to approve the alteration,
they must give notice of their decision to the scheme organiser.