# The Social Security (Contributions) (Amendment No. 5) Regulations 2003, Regulation 4: Amendment of the principal Regulations


In regulation 1(2) (interpretation)—
(a) omit the definition of “convertible shares”;
(b) in the definition of “readily convertible asset” for the words from “section 203F” to the end substitute “section 702 of ITEPA 2003 as amended by the Finance Act 2003;”;
(c) after the definition of “regular interval” insert—
““restricted securities” and “restricted interest in securities” have the meanings given in sections 423 and 424 of ITEPA 2003 as substituted by the Finance Act 2003;”; and
(d) after the definition of “secondary contributor” insert—
““securities” and “securities option” have the meaning given by section 420 of ITEPA 2003 as substituted by the Finance Act 2003;”.

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Source: https://www.legislation.gov.uk/uksi/2003/2085/regulation/4 (the official version)
Page: https://openlegislation.uk/social-security-contributions-amendment-no-5-regulations-2003/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.