Modifications of the Taxes Act

13.  In section 436(1)—

(a) after the words “pension business”, in each place where they occur, there shall be inserted “or individual savings account business”;

(b) in subsection (1)(a) for the words “that business” there shall be substituted “the business of each such class”.

(1)

Section 436 was amended by paragraph 4(1) to (3) of Schedule 7 to the Finance Act 1991 and by paragraph 51(5) of Schedule 8 to the Finance Act 1995.