The Individual Savings Account (Amendment No. 3) Regulations 2005 No. 3350

Amendment of the Individual Savings Account Regulations 1998

6.  In regulation 7(2)(1)—

(a) in sub-paragraph (b)(ii)—

(i) after paragraph (a) insert “and”;

(ii) omit paragraph (c) and the word “and” which precedes it;

(b) in sub-paragraph (e) for “or a” substitute “, fund of funds scheme or”;

(c) in sub-paragraph (f) after “relevant UCITS” insert “or Chapter 5 UCITS”;

(d) for sub-paragraphs (g) and (ga) substitute—

“(g) qualifying units in or shares of a non-UCITS retail scheme, in circumstances where the units or shares satisfy the condition specified in paragraph (15);”.

(1)

Regulation 7(2) was relevantly amended by S.I. 2001/3629, 2003/2747 and 2005/2561.