Statutory Instruments
2004 No. 1676
INCOME TAX
The Personal Equity Plan (Amendment) Regulations 2004
Made
1st July 2004
Laid before the House of Commons
1st July 2004
Coming into force
22nd July 2004
Citation and commencement
1. These Regulations may be cited as the Personal Equity Plan (Amendment) Regulations 2004 and shall come into force on 22nd July 2004.
Amendment of the Personal Equity Plan Regulations 1989
2.The Personal Equity Plan Regulations 1989( 3 ) (“the principal Regulations”) are amended as follows.
3. In regulation 2(1)(b)—
(a) insert at the appropriate place the following definition—
“ “the New Collective Investment Schemes Sourcebook” means the sourcebook of that name made by the Financial Services Authority under the Financial Services Markets Act 2000; ” ;
(b) for the definition of a “Chapter 5 UCITS” substitute—
“ a “Chapter 5 UCITS” means–
in relation to any time on or before 12 th February 2007, a UCITS complying with Chapter 5 of the Collective Investment Schemes Sourcebook or Chapter 5 of the New Collective Investment Schemes Sourcebook, and
in relation to any time after 12 th February 2007, a UCITS complying with Chapter 5 of the New Collective Investment Schemes Sourcebook; ” ;
(c) at the end of the definition of “the first condition” for “or warrant schemes;” substitute “, warrant schemes or Chapter 5 UCITS;”; and
(d) in the definition of “the second condition” for the words “or warrant scheme” substitute “, warrant scheme or Chapter 5 UCITS,”.
Joan Ryan
Derek Twigg
Two of the Lords Commissioners of Her Majesty’s Treasury
1st July 2004
1988 c. 1 ; section 333 was amended by section 70 of the Finance Act 1991 (c. 31) , and by sections 75 and 123(7) of, and Part 3(15) of Schedule 27 to, the Finance Act 1998 (c. 36) .
1992 c. 12 ; section 151 was amended by section 85 of the Finance Act 1993 (c. 34) , by section 64(2) of the Finance Act 1995 (c. 4) and by section 75(6) of, and Part 3(15) of Schedule 27 to, the Finance Act 1998 and was extended by section 123(7) of the Finance Act 1998.