ERSM20197 - Employment-related securities and options: 鈥榠nterest鈥� in securities - ITEPA03/S420 (8)

For the purposes of Part 7 ITEPA 2003, an 鈥榠nterest鈥� in relation to securities means an interest in them less than full beneficial ownership and includes an interest in proceeds of their sale, but does not include a right to acquire them.