SCHEDULES
SCHEDULE 2Tax advantaged employee share schemes
PART 4Restricted shares
SAYE option schemes
67
1
The amendments made by paragraphs 59 to 62 above have effect in relation to options granted on or after the day on which this Act is passed.
2
The amendment made by paragraph 63 above has effect for cases where the old options are granted on or after that day.
3
A SAYE option scheme approved before that day has effect with any modifications needed to reflect the amendments made by paragraphs 59 to 66 above.
4
In particular, in relation to options granted on or after that day, such a SAYE option scheme has effect with the omission of any provision falling within a provision of Schedule 3 to ITEPA 2003 omitted by paragraph 61 above.