The Personal Equity Plan (Amendment) Regulations 1988
These Regulations further amend the Personal Equity Plan Regulations 1986 (“the Principal Regulations”). First, they limit the type of authorised unit trusts which, following the coming into force of the relevant part of the Financial Services Act 1986 on 29th April 1988, will be qualifying investments for the purposes of regulation 6 of the Principal Regulations. Secondly, they increase certain monetary limits in the Principal Regulations. Thirdly, they revoke certain of the qualifications for plan managers which will no longer be relevant on and after 29th April 1988.