{
  "url": "https://openlegislation.uk/social-security-contributions-share-options-regulations-2001/regulation-10",
  "json_url": "https://openlegislation.uk/social-security-contributions-share-options-regulations-2001/regulation-10.json",
  "legislation": "uksi/2001/1817",
  "legislation_title": "The Social Security Contributions (Share Options) Regulations 2001",
  "legislation_url": "https://openlegislation.uk/social-security-contributions-share-options-regulations-2001",
  "path": "regulation/10",
  "kind": "regulation",
  "number": "10",
  "heading": "Records to be maintained",
  "text": "(1) A person who has given a notice under section 1 must maintain the following records—\n(a) a copy of the notice;\n(b) evidence of the price at which each share may be acquired by exercise of the right in respect of which the notice is given;\n(c) evidence of the amount that a person might reasonably have expected to have obtained from a sale in the open market on 7th November 2000 of each share to which the right relates;\n(d) evidence that the special contribution was paid to the Inland Revenue before the end of the period of ninety-two days beginning with the day on which the Act is passed; and\n(e) in cases where sub-paragraph (c) of regulation 3(2) applies, evidence of the consent referred to in that sub-paragraph.\n(2) Subject to paragraph (3), the records referred to in paragraph (1) must be retained by the person required to maintain them for a period of not less than three years beginning with 6th April following the date on which a gain is realised on the exercise, assignment or release of the right in respect of which the notice under section 1 is given.\n(3) In cases where—\n(a) section 3 applies; and\n(b) the notice under section 1 is given in respect of the original right,\nthe records referred to in paragraph (1) must be retained by the person required to maintain them for a period of not less than three years beginning with 6th April following the date on which a gain is realised on the exercise, assignment or release of the replacement right or any subsequent replacement right.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/1817/regulation/10",
    "retrieved_at": "2026-10-29T07:48:55.629386+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."
}