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The Individual Savings Account (Amendment No. 2) Regulations 2004

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Amendment of the Individual Savings Account Regulations 1998

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7.  In regulation 7(2)(1) add at the end—

(m)units in a relevant collective investment scheme specified as a stakeholder product by regulation 5 of the Stakeholder Products Regulations, in circumstances where the units satisfy the condition in paragraph (15);

(n)policies of life insurance falling within regulation 9, issued in respect of an insurance made on or after 6th April 2005, in circumstances where the policy satisfies the condition in paragraph (15);

(o)policies of life insurance falling within regulation 9, issued in respect of an insurance made before—

(i)6th April 2004, in a case where regulation 4C(2)(a) or (b) applies, or

(ii)6th April 2005, in a case where regulation 4C(3)(b) applies.

(1)

Regulation 7(2) was amended by S.I. 1998/3174, 2000/2079 and 3112, 2001/3629 and 3778, and 2003/2747.

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