The Individual Savings Account (Amendment No. 2) Regulations 2015

Amendment of the Individual Savings Account Regulations 1998

6.  In regulation 5D—

(a) at the end of paragraph (2)(a)(ii) omit “or”;

(b) at the end of paragraph (2)(a)(iii) substitute “or” for “and”;

(c) after paragraph (2)(a)(iii), insert—

“(iv) permitted in accordance with regulation 5DDA; and”;

(d) at the end of paragraph(2)(b), substitute a semicolon for the full stop and insert—

“and

(c) in a case within sub-paragraph (a)(iv)—

(i) the account manager of the account to which the subscription is made is provided with the declarations required by regulation 5DFA as relevant to the subscription;

(ii) the notices specified in regulation 5DFB(1) and (3) are given, as relevant to the subscription; and

(iii) the information and declarations required by regulation 5DFC(2) are

provided.”.