Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Requirements definition

What does Requirements mean? In Development Consent Order (DCO) practice, Requirements are the binding conditions that regulate how, when and on what detailed terms the authorised development may proceed. They typically oblige the undertaker to submit and secure approval of detailed design, construction, and environmental management documents (for example, CEMP, traffic, landscape, contamination and archaeology plans) before commencement, phased works or operation. The term is used in legislation: section 120 of the Planning Act 2008 permits a DCO to impose “requirements”. In most DCOs they are set out in a schedule (often Schedule 2) and function similarly to planning conditions under the Town and Country...

UK SAYE schemes: company eligibility and qualifying share requirements—control, listing, group/consortium and joint venture issues, share classes, restrictions and self-certification

Published by a LexisNexis Share Incentives expert

Practice notes

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This Practice Note covers the following topics:

the legal tests for company eligibility to run a save as you earn (SAYE) scheme
eligibility conditions and applicable timing requirements
the objectives and aims of the SAYE legislation
statutory requirements for shares in SAYE schemes, including:
- the need for shares to comprise part of the ordinary share capital
- considerations for group companies
- matters for a company controlled by another company
- points for a company owned or controlled by a consortium
- issues where a company is controlled by an unlisted company
- matters for jointly owned companies
- when a company is treated as listed on a recognised stock exchange
- fully paid-up and redeemable shares, and
- requirements where more than one class of ordinary share exists
checks and declarations to be made in relation to the shares
references to shares within the SAYE scheme

For further information on SAYE schemes generally, see Practice Note: How SAYE schemes work and key features.

The law governing eligibility to operate an SAYE scheme

The legislation setting out which companies may operate an SAYE scheme, together with the share-related conditions, is contained in Schedule 3 Part 4...

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Web page updated on 22/05/2026

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