SCHEDULES

SCHEDULE 4Approved CSOP schemes

Part 8Supplementary provisions

Minor definitions

36

1

In the CSOP code—

  • “company” means a body corporate;

  • “market value” has the same meaning as it has for the purposes of TCGA 1992 by virtue of Part 8 of that Act.

2

For the purposes of the CSOP code a company is a member of a consortium owning another company if it is one of a number of companies—

a

which between them beneficially own not less than 75% of the other company’s ordinary share capital, and

b

each of which beneficially owns not less than 5% of that capital.