The Personal Equity Plan (Amendment) Regulations 1998
These Regulations further amend the Personal Equity Plan Regulations 1989 (S.I. 1989/469 as amended by S.I. 1990/678, 1991/733, 2774, 1992/623, 1993/756, 1995/1539, 3287, 1996/846, 1355, 1997/511, 1716 (“the principal Regulations”)) and come into force on 21st August 1998. The first main effect of the Regulations is that no further subscriptions may be made to existing personal equity plans, and no new plans may be set up, on or after 6th April 1999. The Regulations also contain amendments to the reporting requirements of plan managers which are consequential on the ending of subscriptions.