Amendment of the Individual Savings Account Regulations 1998
This
adran has no associated
Memorandwm Esboniadol
6. In regulation 7(2)(1)—
(a)in sub-paragraph (b)(ii)—
(i)after paragraph (a) insert “and”;
(ii)omit paragraph (c) and the word “and” which precedes it;
(b)in sub-paragraph (e) for “or a” substitute “, fund of funds scheme or”;
(c)in sub-paragraph (f) after “relevant UCITS” insert “or Chapter 5 UCITS”;
(d)for sub-paragraphs (g) and (ga) substitute—
“(g)qualifying units in or shares of a non-UCITS retail scheme, in circumstances where the units or shares satisfy the condition specified in paragraph (15);”.