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Contents

Official guidance
Employee Tax Advantaged Share Scheme User Manual

ETASSUM33000 · Schedule 3 SAYE option schemes: Shares to which schemes can apply

  • ETASSUM33010 · Introduction
  • ETASSUM33020 · Scheme shares
  • ETASSUM33030 · When requirements must be satisfied
  • ETASSUM33040 · Status of the company and its share capital
  • ETASSUM33050 · Control of the scheme company
  • ETASSUM33060 · Control by a consortium
  • ETASSUM33070 · Ordinary share capital
  • ETASSUM33080 · Deferred shares
  • ETASSUM33090 · Convertible preference shares
  • ETASSUM33100 · Depository receipts
  • ETASSUM33110 · Swiss Bearer Participation Certificates
  • ETASSUM33120 · Permanent Interest Bearing Shares (PIBs)
  • ETASSUM33130 · Company status
  • ETASSUM33140 · Control by another company
  • ETASSUM33150 · Recognised Stock Exchange (RSE)
  • ETASSUM33160 · Close company
  • ETASSUM33170 · Fully paid-up and not redeemable
  • ETASSUM33180 · Fully paid up shares
  • ETASSUM33190 · Not-redeemable shares
  • ETASSUM33200 · Shares to be used: Scheme shares subject to restrictions
  • ETASSUM33210 · More than one class of share
  • ETASSUM33220 · Employee control shares
  • ETASSUM33230 · Open market test
  • ETASSUM33240 · As a director or employee
  1. Schedule 3 SAYE option schemes: Shares to which schemes can apply: Contents
  2. Schedule 3 SAYE option schemes: Shares to which schemes can apply: Swiss Bearer Participation Certificates

ETASSUM33110 | Schedule 3 SAYE option schemes: Shares to which schemes can apply: Swiss Bearer Participation Certificates

From HM Revenue & Customs · Employee Tax Advantaged Share Scheme User Manual

Swiss Bearer Participation Certificates (SBPCs) with par value, as distinct from Profit Sharing Certificates will qualify as ordinary share capital for the purposes of Paragraph 18.

See https://www.gov.uk/guidance/employment-related-securities-bulletin-31-march-2019#definition-of-ordinary-share-capital-for-employee-share-schemes (link is external) and /manual/company-taxation-manual/ctm00512

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