2
1
The Financial Services and Markets Act 2000 (Stakeholder Products) Regulations 20043 are amended as follows.
2
In paragraph (b) of regulation 4 (certain deposit accounts)—
a
for “as a means of payment to the account payment by” substitute—
payment to the account by any of the following means, at the option of the account-holder
b
omit sub-paragraph (iii).
3
In paragraph (2)(b) of regulation 7 (characteristics and conditions applicable to certain stakeholder products) for the words from “as a means” to “payment by” substitute—
payment to the investment scheme by any of the following means, at the option of the investor