Part 6Exempt income
Chapter 3Income from individual investment plans
695Investment plans
1
Investment plan regulations may specify the kind of investments which may be made under a plan or which may be made by particular descriptions of individuals under a plan.
2
They may—
a
provide for a plan in the form of an account, and
b
authorise the ways in which the subscriptions to an account are to be invested.
3
They may—
a
provide that plans are to be such as are approved by the F2the Commissioners for Her Majesty’s Revenue and Customs, and
b
specify the circumstances in which approval may be granted and withdrawn.
4
They may—
a
provide for plans to be treated as being of different kinds, according to criteria set out in the regulations,
b
provide for the F1Commissioners to register a plan as being of a particular kind, and
c
make different provision about different kinds of plan.