SCHEDULES

SCHEDULE 8Employee share schemes

PART 2SAYE option schemes

Other amendments: Individual Savings Account Regulations 1998 (S.I. 1998/1870)

144

In regulation 2 (interpretation) in paragraph (1)(a)—

a

omit the definition of “approved SAYE option scheme”, and

b

at the appropriate place insert—

Schedule 3 SAYE option scheme” shall be construed in accordance with the SAYE code (see section 516(3) of ITEPA 2003);