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The Individual Savings Account (Amendment No. 2) Regulations 2014

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Amendment of the Individual Savings Account Regulations 1998

This section has no associated Explanatory Memorandum

15.  In regulation 8 (qualifying investments for a cash component)—

(a)omit paragraphs (2)(g), (2)(k), (2)(l) and (2)(m);

(b)in paragraph (2)(h), for “8(2)(a) to (g)”, substitute “8(2)(a) to (f)”; and

(c)in paragraph (2)(o), for “.”, substitute “;”, and after, insert—

(p)a short-term money market fund which meets the conditions in COLL section 5.9.3.R(1);

(q)a money market fund which meets the conditions in COLL section 5.9.5R..

(1)

The Collective Investment Schemes (COLL) sourcebook can be read at https://www.handbook.fca.org.uk/handbook/COLL. Hard copies of the sourcebook may be obtained from the Financial Conduct Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS.

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