The measure

Companies currently wishing to offer share options to their employees under Enterprise Management Incentives (EMI) must operate "wholly or mainly in the UK". The criteria to be able to award such approved options is to be relaxed enabling companies who have a 'permanent establishment' in the UK to be able to qualify.

Who will be affected?

Companies who have a permanent establishment in the UK and otherwise meet the qualifications to offer options under EMI.

When?

The change will have effect on or after the legislation receives Royal Assent.