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Amendment of the Individual Savings Account Regulations 1998
This section has no associated Explanatory Memorandum
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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