3. After Article 2B, there shall be inserted the following–
“2C. In this Order, the expression “follow-up account” has the same meaning as in section 326BB of the Income Taxes Act 1988(1), the expression “individual savings account” has the same meaning as in regulation 29L of the National Savings Bank Regulations 1972(2) and the expressions “tax exempt special savings account” and “TESSA only account” have the same meaning as in the Individual Savings Account Regulations 1998.”(3).
(1)
1988 c. 1; section 326BB was inserted by section 62(2) of the Finance Act 1995 (c. 4).
(2)
S.I. 1972/764: the definition of “individual savings account” was inserted in regulation 2(1) by S.I. 1999/588 with effect from 6th April 1999.
(3)
S.I. 1998/1870.