Amendment of the Individual Savings Account Regulations 1998

5.  In regulation 7(1)—

(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),”.

(1)

Regulation 7(14) was inserted by 2003/2747.