SCHEDULES
SCHEDULE 2Tax advantaged employee share schemes
PART 4Restricted shares
SAYE option schemes
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In Part 7 of Schedule 3 (exchange of share options) in paragraph 39 (requirements about share options granted in exchange) after sub-paragraph (6) insert—
7
For the purposes of this paragraph the market value of shares subject to a restriction is to be determined as if they were not subject to the restriction.