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The Individual Savings Account (Amendment) Regulations 2003

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3.  In regulation 2(1)(b)—

(a)insert at the appropriate places the following definitions—

a “Chapter 5 UCITS” means a UCITS complying with Chapter 5 of the Collective Investment Schemes Sourcebook;

“the Collective Investment Schemes Sourcebook” means the sourcebook of that name made by the Financial Services Authority under the Financial Services and Markets Act 2000;;

(b)in the definition of a “relevant UCITS” omit the words following paragraph (ii);

(c)in the definition of “units in, or shares of, a relevant UCITS” omit “relevant” in both places it appears.

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