ERSM50015 - Securities with Artificially Depressed Value

Definitions

Chapter 3A Part 7 ITEPA 2003 uses the definitions contained in Chapter 1. They are:

Securities and Interest in relation to securities

Securities and interest in relation to securities have the meaning indicated in ITEPA03/S420 (see ERSM20110)

Market value

Market value is determined in accordance with the TCGA92/S272 (see ERSM20400).

Consideration

Consideration is determined in accordance with ITEPA03/S421 (2) and ITEPA03/S421A. See ERSM20430.

Acquisition

Acquisition has the meaning ascribed by ITEPA03/S421B (8). See ERSM20420.

Employee

Employee has the meaning ascribed by ITEPA03/S421B (8). See ERSM20240.

Employment-related securities

Employment-related securities are as defined in ITEPA03/S421B (8). See ERSM20210 and ERSM20230.

Restricted securities and restricted interest in securities

Restricted securities and restricted interest in securities have the same meaning as in Chapter 2 Part 7 ITEPA, ITEPA03/S423 and ITEPA03/S424. See ERSM30310.

Convertible securities

Convertible securities has the same meaning as in Chapter 3 Part 7 ITEPA, ITEPA03/S436. See ERSM40020.