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There are currently no known outstanding effects for the The Individual Savings Account Regulations 1998, Section 2A.
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2A.—(1) This regulation makes provision for the meaning of “account investor” in these Regulations.
(2) In relation to an account that is not a junior ISA account [F2nor a Lifetime ISA], “account investor” means an individual who subscribes to an account and who is a qualifying individual within the meaning of regulation 10.
(3) In relation to a junior ISA account, “account investor” has different meanings in relation to the application of the regulations specified in paragraphs (4) and (5) as provided for in those paragraphs.
(4) For the purposes of the application of regulations 5C, [F35D to 5DC, 5DF,] 6(3), 7, 8, 9 (other than regulation 9(3)(b)(iii) and (6)), 21A(1) (other than its first occurrence therein), 21A(2) and (3), 22, 24, 28, 31, 34, 35 (other than regulation 35(10)) and 36, “account investor” means the named child in relation to the account in question.
(5) For the purposes of the application of regulations 4, 9(6), 15, 17, 19, 20, 21A(7), 35(10) and its first occurrence in regulation 21A(1), “account investor” means the registered contact in relation to the account in question.
[F4(6) In relation to a Lifetime ISA, “account investor” means an individual who—
(a)makes, or has made, a qualifying addition to a Lifetime ISA, and
(b)at the time of each qualifying addition by the individual into the Lifetime ISA, is a Lifetime ISA qualifying individual.]]
Textual Amendments
F1Regs. 2A-2E inserted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 6
F2Words in reg. 2A(2) inserted (6.4.2017) by The Individual Savings Account (Amendment No. 2) Regulations 2017 (S.I. 2017/466), regs. 1, 4(a)
F3Words in reg. 2A(4) inserted (8.8.2012) by The Individual Savings Account (Amendment) (No. 2) Regulations 2012 (S.I. 2012/1871), regs. 1, 7
F4Reg. 2A(6) inserted (6.4.2017) by The Individual Savings Account (Amendment No. 2) Regulations 2017 (S.I. 2017/466), regs. 1, 4(b)
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