Under new rules effective April 6, 2014, employee incentive plans under which securities are offered or issued to UK employees must be registered online with HM Revenue and Customs (“HMRC”), regardless of whether the equity awards are tax-advantaged in the United Kingdom.

Existing employee incentive plans under which equity awards have been or will be granted to UK employees must be registered with HMRC during the current UK tax year (April 6, 2014 - April 5, 2015).