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Regulation 2

3.—(1) Amend regulation 2 (interpretation) as follows.

(2) In paragraph (1)—

(a)in the definition of “account investment”(1)—

(i)for “or an innovative finance component” substitute “, an innovative finance component or a Lifetime ISA component”, and

(ii)after “8” insert “, 8ZA”(2),

(b)after the definition of “CTA 2010”(3) insert—

“current year payments” has the meaning given in regulation 10A(3)(4);,

(c)after the definition of “eligible child”(5) insert—

“eligible conveyancer” has the meaning given in paragraph 7 of the Schedule;,

(d)after the definition of “gilt-edged securities” insert—

“government bonus” has the meaning given in the Schedule;,

(e)after the definition of “lender”(6) insert—

“Lifetime ISA” has the meaning given in regulation 4(1ZB)(7);,

“Lifetime ISA payment limit” has the meaning given in regulation 4ZA(1A);,

“Lifetime ISA qualifying individual” has the meaning given in regulation 10A;, and

(f)after the definition of “plan shares”(8) insert—

“qualifying addition” has the meaning given in the Schedule;.

(3) In the Table in paragraph (2) after the entry for “Qualifying investments for a cash component” insert—

Qualifying investments for a Lifetime ISA component8ZA
(1)

The definition of “account investment” was amended by S.I. 2016/364.

(2)

Regulation 8ZA is inserted by these Regulations.

(3)

The definition of “CTA 2010” was inserted by S.I. 2012/1871.

(4)

Regulation 10A is inserted by these Regulations.

(5)

The definition of “eligible child” was inserted by S.I. 2011/1780.

(6)

The definition of “lender” was inserted by S.I. 2016/364.

(7)

Regulations 4(1ZB) and 4ZA(1A) are inserted by these Regulations.

(8)

The definition of “plan shares” was inserted by S.I. 2008/704.