Search Legislation

Advanced Search

The Personal Equity Plan (Amendment) Regulations 1990

Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Amendments to the Principal Regulations

8.  After regulation 6 there shall be inserted–

“Non-qualifying investments held on 5th April 1990

6A.—(1) Subject to the conditions specified in paragraph (2), where investments were held under a plan on 5th April 1990 in authorised unit trusts, funds of funds or investment trusts which after that date fail to satisfy the condition specified in regulation 6(3)(b) (in this regulation referred to as “non-qualifying investments”), those investments, and any further non-qualifying investments purchased in accordance with the condition in paragraph (2)(b), may continue to be held under the plan notwithstanding the provisions of regulation 6.

(2) The conditions specified in this paragraph are–

(a)that the total amount of the cash subscription to the plan for the year ending 5th April 1990 which was invested in non-qualifying investments on that date did not exceed one half of the subscription limit in force for that year;

(b)that, except where non-qualifying investments are purchased with the proceeds of the sale of non-qualifying investments, the total amount of cash invested in non-qualifying investments in any year beginning after 5th April 1990 does not exceed £900.”

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources