Amendment of the Individual Savings Account Regulations 1998

3.  In regulation 2(1)(a)—

(a) in the definition of “account investment”, for “, a cash” to the end substitute “or a cash component, as the case may be, within the meaning of regulation 7 or 8”;

(b) in the definition of “assurance undertaking”, for “8” to the end substitute “2 of the Council Directive of 5th November 2002 concerning life assurance (No. 2002/83)”;

(c) insert at the appropriate place the following definition—

““the Stakeholder Products Regulations” means the Financial Services and Markets Act 2000 (Stakeholder Products) Regulations 2004(1);”.

(1)

S.I. 2004/2738.