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The Individual Savings Account (Amendment No. 2) Regulations 2015

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Amendment of the Individual Savings Account Regulations 1998

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6.  In regulation 5D—

(a)at the end of paragraph (2)(a)(ii) omit “or”;

(b)at the end of paragraph (2)(a)(iii) substitute “or” for “and”;

(c)after paragraph (2)(a)(iii), insert—

(iv)permitted in accordance with regulation 5DDA; and;

(d)at the end of paragraph(2)(b), substitute a semicolon for the full stop and insert—

and

(c)in a case within sub-paragraph (a)(iv)—

(i)the account manager of the account to which the subscription is made is provided with the declarations required by regulation 5DFA as relevant to the subscription;

(ii)the notices specified in regulation 5DFB(1) and (3) are given, as relevant to the subscription; and

(iii)the information and declarations required by regulation 5DFC(2) are

provided..

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