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Our Share Schemes Expert Group helped us respond to the Review of Unapproved Share Schemes. We noted that restrictions on shares used for a SIP, SAYE or CSOP should be permitted, provided that participants are notified of the restrictions and that the Board confirms such restrictions will not be operated in a discriminatory manner. We also noted that the Consultation Document does not put forward any proposals for a system of self‐certification which is disappointing.

Click here to read the response (pdf)

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