ETASSUM21110 - Schedule 2 share incentive plan (SIP): General requirements: No loan arrangements
A Schedule 2 SIP must not provide for or be associated in any way with loan arrangements under which employees borrow money from their employer in order to take part (paragraph 12). 鈥淎rrangements鈥� includes any scheme, agreement, undertaking or understanding, whether or not legally enforceable (paragraph 12(3)).