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

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