The Individual Savings Account (Amendment No. 2) Regulations 2011

Amendments to the Individual Savings Account Regulations 1998

5.  In the Table in regulation 2(2) (index of defined terms)—

(a) in the entry relating to “Cash account” for “4(1)(a) and (c)” substitute “4(1A)(a) and (c)”;

(b) in the entry relating to “Component” for “4(1)(b) and (c)” substitute “4(1A)(b) and (c)”;

(c) in the entry relating to “Stocks and shares account” for “4(1)(a) and (b)” substitute “4(1A)(a) and (b)”;

(d) omit the entries relating to “Overall subscription limit” and “Subscription limits”; and

(e) insert the following entries at the appropriate places—

“Registered contact 2C

Subscription limits – junior ISA accounts 4ZB

Subscription limits – other accounts 4ZA”.