30. Participation in employee share schemes
Past version: effective from 20/10/2015 - 19/10/2015
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(1) The Financial Promotion Restriction does not apply to any communication by a person ("C"), a member of the same Group as C or a relevant trustee where the communication is for the purposes of an employee share scheme and relates to any of the following investments issued, or to be issued, by C —
(b) investments falling within paragraph 91 or 92 of that Schedule so far as relating to any investments within sub-paragraph (a); or
(2) In this paragraph, "employee share scheme", in relation to any investments issued by C, means arrangements made or to be made by C or by a person in the same Group as C to enable or facilitate —
(a) transactions in the investments specified in sub-paragraphs (1)(a) or (b) between or for the benefit of —
(i) the bona fide employees or former employees of C or of another member of the same Group as C;
(ii) the wives, husbands, widows, widowers, surviving or children or step-children under the age of eighteen of such employees or former employees; or
(b) the holding of those investments by, or for the benefit of, such persons.
(3) In this paragraph, "relevant trustee" means a person who, in pursuance of an actual or proposed employee share scheme, holds as trustee or will hold as trustee investments issued by C.