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Amendment of the Individual Savings Account Regulations 1998

5.  In regulation 4—

(a)in paragraph (1)(a) omit “and an insurance component”;

(b)in paragraph (2) omit “, and no more” to the end;

(c)in paragraph (3) omit sub-paragraph (b); and

(d)in paragraph (3)(c) for “£3,000” substitute “£4,000”.