The Individual Savings Account (Amendment No. 2) Regulations 2001

Amendment of the principal Regulations

3.—(1) Amend the principal Regulations as follows.

(2) In regulation 7(2)(1) after sub-paragraph (j) add—

“(k) investments which—

(i) were held under a stocks and shares component on 28th November 2001,

(ii) on that date were admitted to trading on a recognised stock exchange in an EEA State and were not listed by a competent authority in an EEA State for the purposes of Council Directive 2001/34(2),

(iii) since that date have not ceased to be so admitted and have not become so listed,

(iv) do not fall within any of the other sub-paragraphs of this paragraph, and

(v) are not investments which, having fallen within any of those sub-paragraphs, have ceased so to fall on or after that date.”

(1)

Amended by regulation 5(2) of S.I. 1998/3174, regulation 4(2) of S.I. 2000/2079, and regulation 4(a) of S.I. 2000/3112.

(2)

O.J. No. L 184, 6.7.2001, p1–66.