1. Introductory Text

  2. 1. Citation and commencement

  3. 2. Interpretation

  4. 2A.Meaning of account investor

  5. 2B.Meaning of junior ISA account

  6. 2C.Meaning of “registered contact” etc.

  7. 2D.Regulations that do not apply to junior ISA accounts

  8. 2E.Contracts entered into by or on behalf of a child who is 16 or over

  9. 2F.Special provision in respect of Looked After Children

  10. 3. Introductory

  11. 4. General conditions for accounts and subscriptions to accounts

  12. 4ZA.Subscriptions to an account other than a junior ISA account

  13. 4ZB.Subscriptions to a junior ISA account

  14. 4ZC.Inalienability of a junior ISA account

  15. 4ZD.Permitted withdrawals from a junior ISA account

  16. 4ZE.Permitted withdrawals from a junior ISA account where the named child is terminally ill

  17. 4A.Repair of certain incompatible account and excess subscriptions - accounts other than junior ISA accounts

  18. 4B.Closure of cash account that is not a junior ISA account prior to the opening of the same type of account to be disregarded once

  19. 4C.Removal of insurance components at 6th April 2005

  20. 4D.Removal of maxi-accounts, mini-accounts and TESSA only accounts at 6th April 2008

  21. 5A.Treatment of sums held in accounts managed by Icesave Bank

  22. 5B.Treatment of certain sums held in accounts managed by Keydata Investment Services Limited

  23. 5C.Treatment of certain sums held in dormant accounts

  24. 5D.Subscriptions disregarded for the purposes of the subscription limits in regulations 4ZA and 4ZB

  25. 5DA.Defaulted cash account subscription

  26. 5DB.Defaulted investment subscription

  27. 5DC.Default event in respect of cash account

  28. 5DD.Defaulted investment payment

  29. 5DE.Additional permitted subscription to a junior ISA account

  30. 5DF.Information required by regulation 5D

  31. 5DG.Single regulation 5D subscription

  32. 5DH.Default event or default investment payment occurring in the period beginning on 6th April 2011 and ending on 7th August 2012

  33. 5DI.Special provision in respect of Lehman Brothers investments and Keydata investments

  34. 5DJ.Special application of regulations 5DB, 5DD, 5DF and 5DH in respect of a Lehman Brothers investment

  35. 5DK.Deemed defaulted investment payment in respect of a Lehman Brothers investment

  36. 5DL.Specified amount for the purposes of a defaulted investment subscription in respect of a Lehman Brothers investment

  37. 5DM.Special application of regulations 5DJ to 5DL in respect of a Keydata investment

  38. 5E.Subscriptions made by account investors issued with certificates by Royal Bank of Scotland Group disregarded for the purposes of regulations 4ZA and 31(3)(c)(ii)

  39. 5. Transfers from matured tax-exempt special savings accounts

  40. 6. General investment rules

  41. 7. Qualifying investments for a stocks and shares component

  42. 8. Qualifying investments for a cash component

  43. 9.Insurance policies

  44. 10. Qualifying individuals who may invest under an account that is not a junior ISA account

  45. 11. Account investor ceasing to qualify

  46. 12.Conditions for application to open an account that is not a junior ISA account

  47. 12A.Conditions for application to open an account that is a junior ISA account

  48. 13. Application by curator bonis

  49. 14. Account manager—qualifications and Board’s approval

  50. 15. Special requirements relating to insurer-managers

  51. 16. Account manager—appointment of tax representative

  52. 17. Account manager—withdrawal by Board of approval

  53. 18. Account manager—appeal against withdrawal of Board’s approval

  54. 19.Account manager’s intention to make a bulk transfer of accounts or to cease to act as an account manager

  55. 20. Account manager ceasing to qualify

  56. 21.Transfers relating accounts other than junior ISA accounts

  57. 21A.Further requirements relating to transfers between cash accounts

  58. 21B.Transfers relating to junior ISA accounts

  59. 21C.Repair of invalid junior ISA accounts

  60. 22. Exemption from tax of account income and gains

  61. 23. Interest on cash deposits held under a stocks and shares component of an account that is not a junior ISA account

  62. 24. Tax liabilities and reliefs—account manager to act on behalf of account investor

  63. 25. Repayments in respect of tax to account manager—interim claims

  64. 26. Repayments in respect of tax to account manager—annual returns and annual claims

  65. 27. Account manager’s returns and claims—supplementary provisions

  66. 28. Assessments for withdrawing relief and recovering tax

  67. 29. Records to be kept by account manager

  68. 30. Information to be given to account investor by account manager in relation to an account that is not a junior ISA account

  69. 31. Returns of information by account manager

  70. 32. Information to be provided to the Board

  71. 33. Inspection of records by officer of the Board

  72. 34. Capital gains tax—adaptation of enactments

  73. 35. Administration of tax in relation to accounts—supplementary

  74. 36.Application of the provisions of Chapter II of Part XIII of the Taxes Act and of Chapter 9 of Part 4 of ITTOIA 2005 to policies where an investor ceases to be or was not entitled to relief from tax

  75. Signature

  76. Explanatory Note