# Finance Act 2013, Paragraph 56


In paragraph 99 (minor definitions) after sub-paragraph (3) insert—
“(4) For the purposes of the SIP code—
(a) shares are subject to a “restriction” if there is any contract, agreement, arrangement or condition which makes provision to which any of subsections (2) to (4) of section 423 (restricted securities) would apply if the references in those subsections to the employment-related securities were to the shares, and
(b) the “restriction” is that provision.”

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Source: https://www.legislation.gov.uk/ukpga/2013/29/schedule/2/paragraph/56 (the official version)
Page: https://openlegislation.uk/finance-act-2013/schedule-2/paragraph-56
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.