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Amendment of the Individual Savings Account Regulations 1998
This section has no associated Explanatory Memorandum
8. In regulation 31 (returns of information by account manager)—
(a)in paragraph (3)(d)—
(i)for “specified at regulation 8A(2)(a)”, substitute “specified in regulation 8A(2)(a) or 8A(2)(ca)”;
(ii)for “article 36H agreements in respect of which payments are due to be made to the account manager”, substitute “qualifying investments for an innovative finance component in respect of which payments are due to be made”;
(b)at the end of paragraph 4(d)(ii) substitute the full-stop with “, and”; and
(c)after paragraph 4(d)(ii) insert—
“(iii)the outstanding principal balance under those investments specified in regulation 8A(2)(ca) in respect of which payments are due to be made.”.
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