1998 No. 1315
The Retirement Benefits Schemes (Restriction on Discretion to Approve) (Small Self-administered Schemes) (Amendment No. 2) Regulations 1998
Made
Laid before the House of Commons
Coming into force
The Commissioners of Inland Revenue, in exercise of the powers conferred on them by section 591(6) of the Income and Corporation Taxes Act 19881, hereby make the following Regulations:
Citation and commencement1
These Regulations may be cited as the Retirement Benefits Schemes (Restriction on Discretion to Approve) (Small Self-administered Schemes) (Amendment No. 2) Regulations 1998 and shall come into force on 19th June 1998.
Interpretation2
In these Regulations “the principal Regulations” means the Retirement Benefits Schemes (Restriction on Discretion to Approve) (Small Self-administered Schemes) Regulations 19912 and “regulation” means a regulation of the principal Regulations.
Amendments to the principal Regulations
3
In regulation 4(1)(c)3 after the words “purchase those assets” in the definition of “B” there shall be inserted “which are outstanding at that time”.
4
In regulation 7(2)4 after the words “purchase those assets” in the definition of “D” there shall be inserted “which are outstanding at that time”.
5
In regulation 7(3) after the words “purchase those assets” in the definition of “F” there shall be inserted “which are outstanding at that time”.
6
(This note is not part of the Regulations)