The Personal Equity Plan (Amendment No. 2) Regulations 1996

3.  In regulation 4(3)(1) after sub-paragraph (a) there shall be inserted—

(aa)that the shares were not allotted or allocated to the qualifying individual in the circumstances specified in paragraph (3A);.

(1)

Amended by S.I. 1990/678, 1991/733 and 2774.