# The Social Security (Contributions) Amendment (No. 5) Regulations 1996, Regulation 2: Amendment of regulation 1 of the principal Regulations


In regulation 1(2) of the principal Regulations (interpretation) at the appropriate places, insert—
““COMPS employment” means employment in respect of which minimum payments are made to a money purchase pension scheme contracted out under section 9(3) of the Pension Schemes Act 1993;
“COSRS employment” means employment which qualifies an earner for a pension provided by a salary related scheme contracted out under section 9(2) of the Pension Schemes Act 1993;
“director” means—
(a) in relation to a company whose affairs are managed by a board of directors or similar body, a member of that board or similar body;
(b) in relation to a company whose affairs are managed by a single director or similar person, that director or person;
(c) any person in accordance with whose directions or instructions the company’s directors as defined in (a) and (b) above are accustomed to act; and for this purpose a person is not to be treated as such a person by reason only that the directors act on advice given by him in his professional capacity;”.

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Source: https://www.legislation.gov.uk/uksi/1996/2407/regulation/2 (the official version)
Page: https://openlegislation.uk/social-security-contributions-amendment-no-5-regulations-1996/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.