# The Social Security (Contributions) Amendment (No. 3) Regulations 1998, Regulation 2: Amendment of regulation 1 of the principal Regulations


(1) In paragraph (2) of regulation 1 of the principal Regulations (citation, commencement and interpretation)–
(a) at the appropriate places in the alphabetical order, insert–
““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;
“convertible shares” means shares which are convertible within the meaning of section 140D of the Income and Corporation Taxes Act 1988;
“readily convertible asset” has the meaning assigned to it in section 203F(2) of the Income and Corporation Taxes Act 1988;”;
(b) omit the definition of “trading arrangements”.
(2) After paragraph (2) of that regulation, add–
“(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.”.

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Source: https://www.legislation.gov.uk/uksi/1998/2211/regulation/2 (the official version)
Page: https://openlegislation.uk/social-security-contributions-amendment-no-3-regulations-1998/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.