{
  "url": "https://openlegislation.uk/social-security-contributions-amendment-no-3-regulations-1998/regulation-2",
  "json_url": "https://openlegislation.uk/social-security-contributions-amendment-no-3-regulations-1998/regulation-2.json",
  "legislation": "uksi/1998/2211",
  "legislation_title": "The Social Security (Contributions) Amendment (No. 3) Regulations 1998",
  "legislation_url": "https://openlegislation.uk/social-security-contributions-amendment-no-3-regulations-1998",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Amendment of regulation 1 of the principal Regulations",
  "text": "(1) In paragraph (2) of regulation 1 of the principal Regulations (citation, commencement and interpretation)–\n(a) at the appropriate places in the alphabetical order, insert–\n““conditional interest in shares” means an interest which is conditional for the purposes of sections 140A and 140B of the Income and Corporation Taxes Act 1988;\n“convertible shares” means shares which are convertible within the meaning of section 140D of the Income and Corporation Taxes Act 1988;\n“readily convertible asset” has the meaning assigned to it in section 203F(2) of the Income and Corporation Taxes Act 1988;”;\n(b) omit the definition of “trading arrangements”.\n(2) After paragraph (2) of that regulation, add–\n“(3) For the purposes of regulation 32, regulation 35 and regulation 46 of these Regulations, references to “contributions”, “Class 1 contributions” and “earnings-related contributions” shall, unless the context otherwise requires, include any amount paid on account of earnings-related contributions in accordance with the provisions of regulation 6A(6) of these Regulations.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1988 c. 1. Sections 140A–H were inserted by sections 50 to 53 of the Finance Act 1998 (c. 36)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Section 203F was inserted by section 127 of the Finance Act 1994 (c. 9) and amended by section 65 of the Finance Act 1998."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "The definition of “trading arrangements” was inserted by regulation 2 of S.I. 1996/3031."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "Regulation 32 was amended by regulation 11 of S.I. 1984/77, regulation 6 of S.I. 1987/2111, regulation 3 of S.I. 1988/992, regulation 3 of S.I. 1992/97, regulation 2 of S.I. 1992/1440, regulation 4 of S.I. 1996/1245 and regulation 4 of S.I. 1996/2407."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "Regulation 35 was amended by paragraph 1(3)(a) of Schedule 8 to the Health and Social Services and Social Security Adjudications Act 1983, regulation 12 of S.I. 1984/77, regulation 4 of S.I. 1988/992 and regulation 5 of S.I. 1996/2407."
    },
    {
      "type": "footnote",
      "label": "f6",
      "text": "Regulation 46 was amended by regulation 5 of S.I. 1992/97."
    },
    {
      "type": "footnote",
      "label": "f7",
      "text": "Regulation 6A was inserted by regulation 4 of S.I. 1983/10."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1998/2211/regulation/2",
    "retrieved_at": "2026-10-29T11:19:10.371362+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}