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The Individual Savings Account (Amendment No. 2) Regulations 2016

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Amendment of the Individual Savings Account Regulations 1998

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6.  In regulation 4A (repair of certain incompatible accounts and excess subscriptions - accounts other than junior ISA accounts)—

(a)in paragraph (1), in the paragraph under the heading “First Condition”—

(i)for “or (b)” substitute “, (b) or (ba)”;

(ii)for “and a single stocks and shares account” substitute “, a single stocks and shares account and a single innovative finance account”;

(b)in paragraph (1), in the paragraph under the heading “Second Condition”, for “or (b)” substitute “, (b) or (ba)”; and

(c)in paragraph (3)(b), for “or (b)” substitute “, (b) or (ba)”.

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