The Individual Savings Account (Amendment) (No. 2) Regulations 2012

Amendments to the Individual Savings Account Regulations 1998

5.  In regulation 2(1)(a) (interpretation)—

(a) after the definition of “child”, insert—

““child trust fund” has the meaning given by section 1 of the Child Trust Funds Act 2004(1);”;

(b) in paragraph (iv) of the definition of “company”, for “51 per cent.” substitute “51%”;

(c) after the definition of “credit union”, insert—

““CTA 2010” means the Corporation Tax Act 2010(2);”;

(d) for the definitions of “51 per cent. subsidiary” and “75 per cent. subsidiary”, substitute—

““51% subsidiary” and “75% subsidiary” have the same meanings as they do in section 1154 of CTA 2010;”;

(e) after the definition of “junior ISA account”, insert—

““Looked After Child” has the meaning given in regulation 2F (special provision in respect of Looked After Children);”.

(1)

2004 c. 6.

(2)

2010 c. 4.