UK Statutory Instrument 2005 United Kingdom

The Personal Equity Plan (Amendment No. 2) Regulations 2005

These Regulations amend the Personal Equity Plan Regulations 1989 (S.I. 1989/469). The principal effects of the amendments are (1) to provide that shares or units in non-UCITS retail schemes (a new type of collective investment scheme recognised by the Financial Services Authority) are qualifying investments for PEPs, provided that the shares or units can be redeemed at least twice monthly and (2) to clarify the wording of the “5% test” (which a number of investments must satisfy in order to qualify for PEPs). Show full description

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At a glance

Enforced by

GDC

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

Browse 6 other sections — procedural / definitional / commencement

s.001

Citation and commencement

s.002

Amendment of the Personal Equity Plan Regulations 1989

s.003

In regulation 2(1)(b)— (a) in the definition of “the second...

s.004

In regulation 6(2)— (a) in sub-paragraph (a)(iii) for “component” substitute...

s.005

In regulation 6(12) omit “(b),”.

s.006

For regulation 6(13) substitute— (13) The condition specified in this...

Enforcement and responsible bodies

The regulators that administer or enforce this legislation.

GDC

General Dental Council

Statutory regulator for dentists, dental nurses, dental hygienists, dental therapists, dental technicians, clinical dental technicians, and orthodontic therapists in the UK.