The Individual Savings Account (Amendment) Regulations 2004

Amendment of the Individual Savings Account Regulations 1998

3.  In regulation 2(1)(b)—

(a) insert at the appropriate place the following definition—

““the New Collective Investment Schemes Sourcebook” means the sourcebook of that name made by the Financial Services Authority under the Financial Services Markets Act 2000;”;

(b) for the definition of a “Chapter 5 UCITS” substitute—

“a “Chapter 5 UCITS” means—

(i)

in relation to any time on or before 12th February 2007, a UCITS complying with Chapter 5 of the Collective Investment Schemes Sourcebook or Chapter 5 of the New Collective Investment Schemes Sourcebook, and

(ii)

in relation to any time after 12th February 2007, a UCITS complying with Chapter 5 of the New Collective Investment Schemes Sourcebook;”;

(c) at the end of the definition of “the first condition” for “or warrant schemes;” substitute “, warrant schemes or Chapter 5 UCITS;”; and

(d) in the definition of “the second condition” for the words “or warrant scheme” substitute “, warrant scheme or Chapter 5 UCITS,”.