Amendment of the Individual Savings Account Regulations 19985

In regulation 75—

a

in paragraph (2)(a) for the words from “, issued” to the end substitute—

i

issued by a company wherever incorporated,

ii

subject to paragraph (3), officially listed on a recognised stock exchange, and

iii

in circumstances where the shares in question satisfy the condition specified in paragraph (15), or were held under the component on 6th October 2005;

b

for paragraph (2)(b)(ii) substitute—

ii

where the securities in question satisfy—

a

at least one of the conditions specified in paragraph (5),

b

the condition specified in paragraph (6), and

c

the condition specified in paragraph (15), or the condition that they were held under the component on 6th October 2005, and

c

in paragraph (14) after “sub-paragraphs” insert “(a), (b),”.