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The Individual Savings Account (Amendment) Regulations 2023
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- UK Statutory Instruments
- 2023 No. 264
- Regulation 5
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Amendment of regulation 5C
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5. In regulation 5C (treatment of certain sums held in dormant accounts)(1)—
(a)in paragraph (1), after “section 1 or 2 of the Dormant Bank and Building Society Accounts Act 2008 (“the 2008 Act”)” insert “or sections 2, 5, 8, 12 or 14 of the Dormant Assets Act 2022(2)”,
(b)in paragraph (2)(a), omit “cash”, and
(c)in paragraph (2)(b)—
(i)omit “cash”, and
(ii)omit “, with the same account manager”.
(1)
Regulation 5C was added by S.1. 2011/22 and was subsequently amended by S.I. 2014/1450.
(2)
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