3.—(1) In regulation 2(1)(a)–
(a)after the definition of “gains” there shall be inserted–
““general plan” means a plan which is not a single company plan;”
(b)for the definition of a “plan investment” there shall be substituted–
“a “plan investment” is–
(i)in relation to a general plan, an investment under the plan which is a qualifying investment for such a plan within the meaning of regulation 6, and
(ii)in relation to a single company plan, an investment under the plan which is a qualifying investment for such a plan within the meaning of regulation 6B;”
(c)after the definition of “recognised stock exchange” there shall be inserted–
““release date” has the meaning given by section 187(2) of the Taxes Act;
“savings-related share option scheme” has the meaning given by paragraph 1 of Schedule 9 to the Taxes Act;”
(d)after the definition of “share” there shall be inserted–
““single company plan” has the meaning given by regulation 4A;”
(2) In regulation 2(2) for the Table there shall be substituted—
| “Term defined | Regulation |
|---|---|
| Annual claim | 20 |
| Designated company | 4A(1)(a) |
| Interim claim | 19 |
| Paired shares | 6B(4) |
| Plan | 4(1) |
| Qualifying EC shares | 6(2)(aa) |
| Qualifying individual | 7 |
| Qualifying investments for general plans | 6 |
| Qualifying investments for single company plans | 6B |
| Subscription limit | 4(4).” |