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The Individual Savings Account (Amendment No. 2) Regulations 2017
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- UK Statutory Instruments
- 2017 No. 466
- Regulation 10
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Regulation 5D
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10. In regulation 5D (subscriptions disregarded for the purposes of the subscription limits in regulations 4ZA and 4ZB)(1)—
(a)in the heading and in paragraph (1) for “4ZA” substitute “4ZA(1)”,
(b)after paragraph (2)(a)(i) insert—
“(ia)a defaulted Lifetime ISA subscription;
(ib)a returned withdrawal from a Lifetime ISA following failure of a purchase to complete under paragraph 10(1) of the Schedule;”, and
(c)after paragraph (2)(c) insert—
“; and
(d)in a case within paragraph (2)(a)(ib) the account manager of the Lifetime ISA to which the subscription is made is provided with the information specified in paragraph 9(3)(b) of the Schedule.”.
(1)
Regulation 5D was inserted by S.I. 2012/1871.
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