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- Point in Time (06/04/2015)
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Version Superseded: 08/08/2012
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2.—(1) In these Regulations unless the context otherwise requires—
(a)“account", except in the case of—
(i)an account with a deposit-taker, or
F1(ii). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(iii)a share or deposit account with a building society, or
(iv)a deposit account with [F2a person falling within] [F3section 991(2) of the Income Tax Act 2007],
shall be construed in accordance with [F4regulation 4(1) and, where appropriate, regulation 2B(b)] [F5and shall include a personal equity plan treated on and from the 6th April 2008 as a stocks and shares account];
an “account investment” is an investment under the account which is a qualifying investment for a stocks and shares component [F6or a cash component, as the case may be, within the meaning of regulation 7 or 8];
[F7an “account investor” has the meaning given in regulation 2A;]
an “account manager" is a person who fulfils the conditions of these Regulations and is approved by the Board for the purposes of these Regulations as an account manager;
F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
“approved profit sharing scheme" has the same meaning as in Chapter IV of Part V of the Taxes Act;
an “assurance undertaking" means an assurance undertaking within the meaning of [F10Article 6 of Directive 2002/83/EC of the European Parliament and of the Council of 5th November 2002 concerning life assurance];
[F11“bank” has the meaning given by section 991(2) to (5) of the Income Tax Act 2007;]
[F12“the Board” means the Commissioners for Her Majesty’s Revenue and Customs;]
“building society" means a building society within the meaning of the Building Societies Act 1986 M1, or the Irish Building Societies Act 1989 M2;
[F13“building society bonus”, except in regulation 22(1)(a)(i), excludes any bonus, distribution of funds or the conferring of rights in relation to shares—
in connection with an amalgamation, transfer of engagements or transfer of business of a building society, and
mentioned in section 96 or 100 of the Building Societies Act 1986,
and “payment under a building society bonus scheme” shall be construed accordingly;.]
[F14“business day” means any day except—
a Saturday, Sunday, Good Friday or Christmas Day;
a bank holiday under the Banking and Financial Dealings Act 1971;]
[F15“ceasing to be subject to the plan”, in relation to plan shares under [F16a Schedule 2] SIP, shall be construed in accordance with the SIP code (see section 488(3) of ITEPA 2003);]
[F17“child” means an individual under 18;]
[F18“child trust fund” has the meaning given by section 1 of the Child Trust Funds Act 2004;]
“company", except in regulation 7(4), means any body corporate having a share capital other than—
an open-ended investment company, within the meaning given by section [F19236 of the Financial Services and Markets Act 2000],
[F20a UK UCITS, recognised UCITS or non-UCITS retail scheme,]
an industrial and provident society, or
a body corporate which is a [F2151%] subsidiary of any industrial and provident society;
[F22“credit union” means a society registered as a credit union under the Industrial and Provident Societies Act 1965 or the Credit Unions (Northern Ireland) Order 1985;]
[F23“CTA 2010” means the Corporation Tax Act 2010;]
[F24“deceased’s account” is an account which the deceased held with an account manager at the date of the deceased’s death;]
“deposit-taker" has the meaning given by [F25section 853 of ITA 2007];
[F26“the Director of Savings” has the same meaning as in the National Debt Act 1972]
[F27“dormant account” means a cash account which is a “relevant dormant account” within the meaning given in section 39(2) of the Finance Act 2008, omitting the words—
“is to be, or”; and
“will apply, or” (in both places they appear);]
[F28“EEA Agreement” means the agreement on the European Economic Area signed at Oporto on 2nd May 1992, together with the Protocol adjusting that Agreement signed at Brussels on 17th March 1993, as modified or supplemented from time to time;]
[F28“EEA State”, in relation to any time, means a state which at that time is a member State, or any other state which at that time is a party to the EEA Agreement;]
[F29“eligible child” means a child—
born—
on or after 3rd January 2011; or
before the time mentioned in paragraph (i) but who is not an “eligible child” within the meaning given in the Child Trust Funds Act 2004; and
who, at the time when the application to open an account pursuant to a junior ISA application described in regulation 12A is made, is—
resident F30... in the United Kingdom;
a person who has general earnings from overseas Crown employment subject to United Kingdom tax within the meaning given by section 28 of ITEPA 2003;
married to, or in a civil partnership with, a person mentioned in paragraph (ii); or
a dependant of a person mentioned in paragraph (ii);]
[F31“European institution” means an EEA firm of the kind mentioned in [F32paragraph 5(a) to (d), (f) and (h)] of Schedule 3 to the Financial Services and Markets Act 2000 which is an authorised person for the purposes of that Act as a result of qualifying for authorisation under paragraph 12[F33(1) to (4) and (7)] of that Schedule;]
[F34“51% subsidiary” and “75% subsidiary” have the same meanings as they do in section 1154 of CTA 2010;]
“gains", except in regulations 22(1)(a)(ii) to (v) and 35(6), means “chargeable gains"within the meaning of the Taxation of Chargeable Gains Act 1992;
“gilt-edged securities" has the meaning given by [F35paragraphs 1 and 1A] of Schedule 9 to the Taxation of Chargeable Gains Act 1992;
F36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
an “incorporated friendly society" means a society incorporated under the Friendly Societies Act 1992 M3;
an “industrial and provident society" means a society registered or deemed to be registered under the Industrial and Provident Societies Act 1965 M4 or under the Industrial and Provident Societies (Northern Ireland) Act 1969 M5;
[F37“investment trust” is a company that is such a trust for the purposes of the Corporation Tax Acts, or would be such a trust but for section 1158(3) of the Corporation Tax Act 2010;]
[F38“ITA 2007” means the Income Tax Act 2007;
“ITEPA 2003” means the Income Tax (Earnings and Pensions) Act 2003;
“ITTOIA 2005” means the Income Tax (Trading and Other Income) Act 2005;]
[F39“junior ISA account” has the meaning given in regulation 2B;]
F40. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F41“Looked After Child” has the meaning given in regulation 2F (special provision in respect of Looked After Children);]
“the Management Act" means the Taxes Management Act 1970 M6;
“market value" shall be construed in accordance with section 272 of the Taxation of Chargeable Gains Act 1992;
[F42“named child” means a child who holds an account opened pursuant to a junior ISA application described in regulation 12A;]
“notice", except in [F43regulations 9 and 36], means notice in writing and “notify" shall be construed accordingly;
[F44“parental responsibility” means—
parental responsibility within the meaning of the Children Act 1989 or the Children (Northern Ireland) Order 1995, or
parental responsibilities within the meaning of the Children (Scotland) Act 1995;]
[F45“participant”, in relation to [F16a Schedule 2] SIP, shall be construed in accordance with the SIP code (see section 488(3) of ITEPA 2003);
“plan shares”, in relation to [F16a Schedule 2] SIP, shall be construed in accordance with the SIP code (see section 488(3) of ITEPA 2003) except that—
paragraph 87(6) of Schedule 2 to ITEPA 2003 (meaning of the word “shares” in the context of company reconstructions) shall not apply, and
in paragraph 88(2) of that Schedule (treatment of shares acquired under rights issue) the words “or securities or rights” shall be treated as omitted;]
“qualifying distribution" has the same meaning as in [F46section 1136 of the Corporation Tax Act 2010];
“recognised stock exchange" has the same meaning as in [F47section 1005 of ITA 2007] ;
a “registered friendly society" has the meaning given by the Friendly Societies Act 1992 M7, and includes any society that by virtue of section 96(2) of that Act is to be treated as a registered friendly society;
“release date" has the meaning given by section 187(2) of the Taxes Act M8;
“relevant authorised person" has the same meaning as in [F48section 697(2)(b) of ITTOIA 2005];
F49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F50“responsible person” means a person who is the responsible person in respect of the management of a junior ISA account in accordance with regulation 2C(4);]
F51. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F52“Schedule 2 SIP” shall be construed in accordance with the SIP code (see section 488(3) of ITEPA 2003);]
[F53“Schedule 3 SAYE option scheme” shall be construed in accordance with the SAYE code (see section 516(3) of ITEPA 2003);]
“security", except in regulations [F547(2)(c) to] [F55(cc) and (8)(b), 8(2)(f)] and 34(3), means any loan stock or similar security of a company whether secured or unsecured[F56, and in regulation 7(2)(cc) has the same meaning but with the omission of the words “of a company”];
[F57“the Stakeholder Products Regulations” means the Financial Services and Markets Act 2000 (Stakeholder Products) Regulations 2004;]
“tax" where neither income tax nor capital gains tax is specified means either of those taxes;
“tax credit" means a tax credit under section 231 of the Taxes Act M9;
“the Taxes Act" means the Income and Corporation Taxes Act 1988;
F58. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
“year" means a year of assessment, and “the year 1999—00" means the year of assessment beginning on 6th April 1999;
(b)
[F59“authorised fund” means—
an authorised unit trust, or
an open-ended investment companyF60...;]
“authorised unit trust" means a unit trust scheme in the case of which an authorisation order F61... under section [F62243 of the Financial Services and Markets Act 2000] is in force;
F63. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F64“collective investment scheme” has the meaning in section 235 of FISMA 2000;]
[F65“COLL” means the Collective Investment Schemes Sourcebook made by the Financial Conduct Authority under FISMA 2000;]
[F66“depositary interest” means the rights of the person mentioned in paragraph (b), under a certificate or other record (whether or not in the form of a document) acknowledging—
that a person holds relevant investments or evidence of the right to them, and
that another person is entitled to rights in or in relation to those or identical relevant investments, including the right to receive such investments, or evidence of the right to them or the proceeds from such investments, from the person mentioned in paragraph (a),
where “relevant investments” means investments which are exclusively qualifying investments for a stocks and shares component falling within any of regulation 7(2)(a) to (h), and the rights mentioned in paragraph (b) are exclusively rights in or in relation to relevant investments;]
F67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F64“FISMA 2000” means the Financial Services and Markets Act 2000;]
F67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F68“insolvency event” means the procedures listed in the definition of “insolvency event” in regulation 19(15) of the Payment Services Regulations 2009;]
F67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F69“non-UCITS retail scheme”—
has the meaning in COLL (that is, a scheme to which, or to whose authorised fund manager and depositary, sections 5.1, 5.4 and 5.6 of COLL apply),
includes a “recognised scheme” by virtue of section F70... 272 of FISMA 2000, which would fall within paragraph (a) of this definition if it were an authorised fund, and
includes a sub-fund of an umbrella which the terms of the scheme identify as a sub-fund which would fall within paragraph (a) or (b) of this definition if it were itself an authorised fund or a recognised scheme.
In this definition, expressions defined in the Glossary of the Financial Conduct Authority Handbook have those defined meanings;]
[F71“open-ended investment company” means a company incorporated in the United Kingdom to which section 236 of the Financial Services and Markets Act 2000 applies;]
[F72“qualifying units in or shares of a non-UCITS retail scheme” means that—
the instrument constituting the scheme secures that redemption of the units or shares in question shall take place no less frequently than bi-monthly (see Rule 6.2.16(6) of the F73... [F74COLL] omitting the words “Except where (7) applies, and”, read with Rule 6.3.4(1), whether or not those Rules apply to the scheme), and
a provision for suspension of dealings in exceptional conditions in accordance with Rule 7.2 of [F75the COLL] (or any foreign procedure which is a direct foreign equivalent of that Rule) shall not be treated as a provision contrary to paragraph (a) of this definition;]
[F76“recognised UCITS” means—
a collective investment scheme constituted in an EEA State, which is a “recognised scheme” under section 264 of FISMA 2000, and complies with the requirements to be a “UCITS scheme” for the purposes of the [F77COLL]; or
a part of a recognised UCITS mentioned in paragraph (a) of this definition, which would be a sub-fund of an umbrella scheme which is a recognised UCITS;]
F78. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F78. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F63. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F64“UK UCITS” means—
a collective investment scheme [F79with Part 4A permission under FISMA 2000], which complies with the requirements to be a “UCITS scheme” for the purposes of [F80the COLL]; or
a part of a UK UCITS mentioned in paragraph (a) of this definition which would be a sub-fund of an umbrella scheme which is a UK UCITS;]
[F81“umbrella scheme” means an authorised fund which according to the terms of the scheme is an umbrella scheme belonging to the category under that name established by the [F82Financial Conduct Authority], and
in the case of an authorised fund which is an authorised unit trust, references to a part of an umbrella scheme shall be construed in accordance with subsection (8) of section 468 of the Taxes Act, [F83and sub-paragraphs (6) and (7) of regulation 7 of the Authorised Investment Funds (Tax) Regulations 2006 shall apply for the purposes of these Regulations as they apply for the purposes of those Regulations, and]
in the case of an authorised fund which is an open-ended investment company, references to a part of an umbrella scheme shall be construed in accordance with [F84subsection (4) of section 468A of the Taxes Act, and sub-paragraphs (2) and (3) of regulation 7 of the Authorised Investment Funds (Tax) Regulations 2006 shall apply for the purposes of these Regulations as they apply for the purposes of those Regulations;]]
[F85“unit holder” means a person entitled to a share of the investments subject to the trusts of a unit trust scheme;]
[F85“unit trust scheme” has the meaning given by section 237 of the Financial Services and Markets Act 2000;]
“units", in relation to an authorised unit trust, means the rights or interests (however described) of the unit holders in that authorised unit trust and, in relation to a part of an umbrella scheme, means the rights or interests for the time being of the unit holders in that part;
“units in, or shares of, a F86... [F87UK UCITS or recognised] UCITS" means the rights or interests (however described) of the holders of the units or shares in that F86... [F87UK UCITS or recognised] UCITS;
F88. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F89(1A) In these Regulations—
(a)a “bulk transfer of accounts” occurs where two or more accounts are transferred by an account manager (“the transferor”) to another account manager (“the transferee”)—
[F90(i)pursuant to an agreement made between the transferor and the transferee where the transfers are not made pursuant to requests made by a person who is the account investor or registered contact in relation to the accounts transferred; or
(ii)pursuant to an insurance business transfer scheme or a banking business transfer scheme under Part 7 (Control of Business Transfers) of the Financial Services and Markets Act 2000;]
(b)a “group transfer of accounts” occurs where a bulk transfer of accounts is made between account managers that are members of the same group of companies when the transfer occurs;
(c)two companies are members of the same group of companies if—
(i)one is a 75% subsidiary of the other, or
(ii)both are 75% subsidiaries of a third company.]
(2) The Table below indexes other definitions in these Regulations:
Term defined | Regulation |
---|---|
Account | 4(1) |
[F91Cash account | [F924(1A)(a) and (c)]] |
Component | [F934(1A)(b) and (c)] |
The disqualifying circumstances | 17(1) |
Interim claim | 25 |
F94. . . | F94. . . |
F94. . . | F94. . . |
F95. . . | F95. . . |
Qualifying circumstances | 14(1) |
Qualifying individual | 10 |
Qualifying investments for a stocks and shares component | 7 |
Qualifying investments for a cash component | 8 |
F96. . . | F96. . . |
Qualifying securities | 7(2)(b) |
[F97Registered contact | 2C] |
[F91Stocks and shares account | [F984(1A)(a) and (b)]] |
[F99Subscription limit – junior ISA account] | [F974ZB] |
[F99Subscription limit – other accounts] | [F974ZA] |
F95. . . | F95. . . |
F94. . . | F94. . . |
Textual Amendments
F1Words in reg. 2(1)(a) omitted (6.4.2008) by virtue of The Individual Savings Account (Amendment) Regulations 2007 (S.I. 2007/2119), regs. 1, 3(a)(i)
F2Words in reg. 2(1)(a) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629), arts. 1(2)(b), 169(3)
F3Words in reg. 2(1)(a) substituted (6.4.2014) by The Individual Savings Account (Amendment) Regulations 2014 (S.I. 2014/654), regs. 1(1), 3(a)
F4Words in reg. 2(1)(a) substituted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 3(a)
F5Words in reg. 2(1)(a) added (6.4.2008) by The Individual Savings Account (Amendment) Regulations 2007 (S.I. 2007/2119), regs. 1, 3(a)(ii)
F6Words in reg. 2(1)(a) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Individual Savings Account (Amendment No. 2) Regulations 2004 (S.I. 2004/2996), regs. 1(1), 3(a)
F7Words in reg. 2(1)(a) substituted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 3(b)
F8Words in reg. 2(1)(a) omitted (retrospective to 6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 144(a), 146 (with Sch. 8 paras. 147-157)
F9Words in reg. 2(1)(a) omitted (retrospective to 6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 85(a), 89 (with Sch. 8 paras. 90-96)
F10Words in reg. 2(1)(a) substituted (11.1.2005) by The Life Assurance Consolidation Directive (Consequential Amendments) Regulations 2004 (S.I. 2004/3379), regs. 1, 12
F11Words in reg. 2(1)(a) inserted (6.4.2014) by The Individual Savings Account (Amendment) Regulations 2014 (S.I. 2014/654), regs. 1(1), 3(b)
F12Words in reg. 2(1)(a) substituted (6.10.2005) by The Individual Savings Account (Amendment No. 2) Regulations 2005 (S.I. 2005/2561), regs. 1, 3
F13Words in reg. 2(1)(a) inserted (1.1.2007) by The Individual Savings Account (Amendment) Regulations 2006 (S.I. 2006/3194), regs. 1, 3
F14Words in reg. 2(1)(a) inserted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 3(c)
F15Words in reg. 2(1)(a) inserted (6.4.2008) by The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(2)(b)
F16Words in reg. 2(1)(a) substituted (retrospective to 6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 85(b), 89 (with Sch. 8 paras. 90-96)
F17Words in reg. 2(1)(a) inserted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 3(d)
F18Words in reg. 2(1)(a) inserted (retrospective to 1.11.2011) by The Individual Savings Account (Amendment) (No. 2) Regulations 2012 (S.I. 2012/1871), regs. 2, 5(a)
F19Words in reg. 2(1)(a) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629), arts. 1(2)(b), 169(4)
F20Words in reg. 2(1)(a) substituted (11.8.2009) by The Individual Savings Account (Amendment No. 2) Regulations 2009 (S.I. 2009/1994), regs. 1(1), 3(a)(i)
F21Word in reg. 2(1)(a) substituted (9.11.2011 retrospective for specified purposes, 8.8.2012 for remaining purposes) by The Individual Savings Account (Amendment) (No. 2) Regulations 2012 (S.I. 2012/1871), regs. 1, 3, 5(b)
F22Words in reg. 2(1)(a) inserted (27.12.2005) by The Individual Savings Account (Amendment No. 3) Regulations 2005 (S.I. 2005/3350), regs. 1, 3
F23Words in reg. 2(1)(a) inserted (9.11.2011 retrospective for specified purposes, 8.8.2012 for remaining purposes) by The Individual Savings Account (Amendment) (No. 2) Regulations 2012 (S.I. 2012/1871), regs. 1, 3, 5(c)
F24Words in reg. 2(1)(a) inserted (6.4.2015) by The Individual Savings Account (Amendment No. 2) Regulations 2015 (S.I. 2015/869), regs. 1, 3
F25Words in reg. 2(1)(a) substituted (6.4.2008) by The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(2)(c)
F26Words in reg. 2(1)(a) inserted (6.4.1999) by The Individual Savings Account (Amendment) Regulations 1998 (S.I. 1998/3174), regs. 1, 3(2)(a)
F27Words in reg. 2(1)(a) added (1.2.2011) by The Dormant Bank and Building Society Accounts (Tax) Regulations 2011 (S.I. 2011/22), regs. 1(1), 9(2)
F28Words in reg. 2(1)(a) substituted (5.8.2013) by The Individual Savings Account (Amendment No. 3) Regulations 2013 (S.I. 2013/1743), regs. 1(1), 3(a)
F29Words in reg. 2(1)(a) inserted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 3(e)
F30Words in reg. 2(1)(a) omitted (6.4.2013) by virtue of The Income Tax (Removal of Ordinary Residence) Regulations 2013 (S.I. 2013/605), regs. 1, 4(2) (with reg. 2(a))
F31Words in reg. 2(1)(a) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629), arts. 1(2)(b), 169(5)
F32Words in reg. 2(1)(a) substituted (15.8.2013) by The Individual Savings Account (Amendment) Regulations 2014 (S.I. 2014/654), regs. 1(2), 3(c)
F33Words in reg. 2(1)(a) inserted (15.8.2013) by The Individual Savings Account (Amendment) Regulations 2014 (S.I. 2014/654), regs. 1(2), 3(c)
F34Words in reg. 2(1)(a) substituted (9.11.2011 retrospective for specified purposes, 8.8.2012 for remaining purposes) by The Individual Savings Account (Amendment) (No. 2) Regulations 2012 (S.I. 2012/1871), regs. 1, 3, 5(d)
F35Words in reg. 2(1)(a) substituted (6.4.1999) by The Individual Savings Account (Amendment) Regulations 1998 (S.I. 1998/3174), regs. 1, 3(2)(b)
F36Words in reg. 2(1)(a) omitted (6.4.2008) by virtue of The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(2)(d)
F37Words in reg. 2(1)(a) substituted (6.4.2014) by The Individual Savings Account (Amendment) Regulations 2014 (S.I. 2014/654), regs. 1(1), 3(d)
F38Words in reg. 2(1)(a) inserted (6.4.2008) by The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(2)(e)
F39Words in reg. 2(1)(a) inserted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 3(f)
F40Words in reg. 2(1)(a) omitted (1.12.2001) by virtue of The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629), arts. 1(2)(b), 169(6)
F41Words in reg. 2(1)(a) inserted (8.8.2012) by The Individual Savings Account (Amendment) (No. 2) Regulations 2012 (S.I. 2012/1871), regs. 1, 5(e)
F42Words in reg. 2(1)(a) inserted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 3(g)
F43Words in reg. 2(1)(a) substituted (6.4.1999) by The Individual Savings Account (Amendment) Regulations 1998 (S.I. 1998/3174), regs. 1, 3(2)(c)
F44Words in reg. 2(1)(a) inserted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 3(h)
F45Words in reg. 2(1)(a) inserted (6.4.2008) by The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(2)(g)
F46Words in reg. 2(1)(a) substituted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 3(i)
F47Words in reg. 2(1)(a) inserted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 3(j)
F48Words in reg. 2(1)(a) substituted (6.4.2008) by The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(2)(h)
F49Words in reg. 2(1)(a) omitted (6.4.2014) by virtue of The Individual Savings Account (Amendment) Regulations 2014 (S.I. 2014/654), regs. 1(1), 3(e)
F50Words in reg. 2(1)(a) inserted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 3(k)
F51Words in reg. 2(1)(a) omitted (6.4.2008) by virtue of The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(2)(j)
F52Words in reg. 2(1)(a) inserted (retrospective to 6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 85(c), 89 (with Sch. 8 paras. 90-96)
F53Words in reg. 2(1)(a) inserted (retrospective to 6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 144(b), 146 (with Sch. 8 paras. 147-157)
F54Words in reg. 2(1)(a) substituted (6.4.1999) by The Individual Savings Account (Amendment) Regulations 1998 (S.I. 1998/3174), regs. 1, 3(2)(d)
F55Words in reg. 2(1)(a) substituted (16.12.2008) by The Individual Savings Account (Amendment No. 3) Regulations 2008 (S.I. 2008/3025), regs. 1, 3(a)
F56Words in reg. 2(1)(a) added (16.12.2008) by The Individual Savings Account (Amendment No. 3) Regulations 2008 (S.I. 2008/3025), regs. 1, 3(b)
F57Words in reg. 2(1)(a) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Individual Savings Account (Amendment No. 2) Regulations 2004 (S.I. 2004/2996), regs. 1(1), 3(c)
F58Words in reg. 2(1)(a) omitted (6.4.2008) by virtue of The Individual Savings Account (Amendment) Regulations 2007 (S.I. 2007/2119), regs. 1, 3(b)
F59Words in reg. 2(1)(b) inserted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629), arts. 1(2)(b), 169(8)
F60Words in reg. 2(1)(b) omitted (6.4.2008) by virtue of The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(3)(a)
F61Words in reg. 2(1) omitted (1.4.2013) by virtue of The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 22(2)(a)
F62Words in reg. 2(1)(b) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629), arts. 1(2)(b), 169(9)
F63Words in reg. 2(1)(b) omitted (11.8.2009) by virtue of The Individual Savings Account (Amendment No. 2) Regulations 2009 (S.I. 2009/1994), regs. 1(1), 3(b)(i)
F64Words in reg. 2(1)(b) added (11.8.2009) by The Individual Savings Account (Amendment No. 2) Regulations 2009 (S.I. 2009/1994), regs. 1(1), 3(b)(v)
F65Words in reg. 2(1) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 22(2)(b)
F66Words in reg. 2(1)(b) inserted (13.12.2000) by The Individual Savings Account (Amendment No. 3) Regulations 2000 (S.I. 2000/3112), regs. 1, 3
F67Words in reg. 2(1)(b) omitted (6.4.2008) by virtue of The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(3)(c)
F68Words in reg. 2(1)(b) inserted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 4
F69Words in reg. 2(1) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 22(2)(c)
F70Words in reg. 2(1)(b) omitted (22.7.2013) by virtue of The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 4
F71Words in reg. 2(1)(b) substituted (6.4.2008) by The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(3)(d)
F72Words in reg. 2(1)(b) inserted (27.12.2005) by The Individual Savings Account (Amendment No. 3) Regulations 2005 (S.I. 2005/3350), regs. 1, 4(c)
F73Word in reg. 2(1)(b) omitted (6.4.2008) by virtue of The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(3)(f)
F74Word in reg. 2(1) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 22(2)(d)(i)
F75Words in reg. 2(1) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 22(2)(d)(ii)
F76Words in reg. 2(1)(b) substituted (11.8.2009) by The Individual Savings Account (Amendment No. 2) Regulations 2009 (S.I. 2009/1994), regs. 1(1), 3(b)(iii)
F77Word in reg. 2(1) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 22(2)(e)
F78Words in reg. 2(1)(b) omitted (6.4.2008) by virtue of The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(3)(g)
F79Words in reg. 2(1) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 22(2)(f)(i)
F80Words in reg. 2(1) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 22(2)(f)(ii)
F81Words in reg. 2(1)(b) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629), arts. 1(2)(b), 169(16)
F82Words in reg. 2(1) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 22(2)(g)
F83Words in reg. 2(1)(b) substituted (6.4.2008) by The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(3)(h)(i)
F84Words in reg. 2(1)(b) substituted (6.4.2008) by The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(3)(h)(ii)
F85Words in reg. 2(1)(b) substituted (6.4.2008) by The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(3)(i)
F86Words in reg. 2(1)(b) omitted (17.11.2003 with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Individual Savings Account (Amendment) Regulations 2003 (S.I. 2003/2747), regs. 1(1), 3(c)
F87Words in reg. 2(1)(b) inserted (11.8.2009) by The Individual Savings Account (Amendment No. 2) Regulations 2009 (S.I. 2009/1994), regs. 1(1), 3(b)(iv)
F88Words in reg. 2(1)(b) omitted (6.4.2008) by virtue of The Individual Savings Account (Amendment) Regulations 2008 (S.I. 2008/704), regs. 1, 3(3)(j)
F89Reg. 2(1A) inserted (retrospective to 9.11.2011) by The Individual Savings Account (Amendment) (No. 2) Regulations 2012 (S.I. 2012/1871), regs. 3, 6
F90Reg. 2(1A)(a)(i)(ii) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Individual Savings Account (Amendment No. 3) Regulations 2013 (S.I. 2013/1743), regs. 1(1), 3(b)
F91Reg. 2(2) entries inserted (6.4.2008) by The Individual Savings Account (Amendment) Regulations 2007 (S.I. 2007/2119), regs. 1, 4(c)
F92Words in reg. 2(2) substituted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 5(a)
F93Words in reg. 2(2) substituted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 5(b)
F94Reg. 2(2) entries omitted (6.4.2008) by virtue of The Individual Savings Account (Amendment) Regulations 2007 (S.I. 2007/2119), regs. 1, 4(b)
F95Words in reg. 2(2) omitted (1.11.2011) by virtue of The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 5(d)
F96Words in reg. 2(2) omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Individual Savings Account (Amendment No. 2) Regulations 2004 (S.I. 2004/2996), regs. 1(1), 4
F97Words in reg. 2(2) inserted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 5(e)
F98Words in reg. 2(2) substituted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 5(c)
F99Words in reg. 2(2) substituted (1.7.2014) by The Individual Savings Account (Amendment No. 2) Regulations 2014 (S.I. 2014/1450), regs. 1, 3
Marginal Citations
M2Number 17 of 1989.
M81988 c.1; section 187 was amended by paragraph 9 of Schedule 12 to the Finance Act 1989 (c.26), sections 38 and 41 of the Finance Act 1991, paragraph 14(1) and (13) of Schedule 10 to the Taxation of Chargeable Gains Act 1992, paragraph 12(a) of Part III of Schedule 4, and Part II of Schedule 7 to the Pensions Act 1995 (c.26) and sections 116 and 117(2) of, and Part V(5) of Schedule 41 to, the Finance Act 1996 (c.8).
M9Section 231 was amended by section 106 of and Part IV of Schedule 17 to the Finance Act 1989, paragraph 2 of Schedule 7 to the Finance Act 1990, paragraph 12 of Schedule 20 and Part V(10) of Schedule 41 to the Finance Act 1996, Part VI(7) of Schedule 18 to the Finance Act 1997 (c.16), and sections 19, 22 and 30 of, and paragraph 4 of Schedule 4, and Part II(9) of Schedule 8 to, the Finance (No. 2) Act 1997 (c.58).
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