The Individual Savings Account (Amendment) Regulations 2007
1Citation and commencement
2Amendment of the Individual Savings Account Regulations 1998
3In regulation 2(1)(a) (interpretation)— (a) in the definition of “account”—...
4In the Table in regulation 2(2) (Terms defined)—
5For regulation 4(1)(a) to (h) (general conditions for accounts and...
6For regulation 4(2) to (4) (subscription limits) substitute—
7In regulation 4A (repair of certain incompatible accounts)—
8In regulation 4B (closure followed by opening of same type...
9After regulation 4C (removal of insurance components) insert— Removal of...
10Omit regulation 5 (transfers from TESSAs).
11In regulation 6 (general investment rules)— (a) in paragraph (3)(a)...
12In regulation 7(2) (qualifying investments for a stocks and shares...
13In regulation 7(10)(c) for the words from “which are allocated”...
14For regulation 10(2)(a) to (c) (qualifying individuals) substitute—
15In regulation 12(3) (conditions for application to subscribe to an...
16Omit regulation 12(5) (transfers from TESSAs).
17In regulation 14(3)(a) (account manager: qualifications) for the words from...
18In regulation 21 (transfer of accounts)— (a) for the heading...
19In regulation 30(1) (information to be given to account investor...
20In regulation 31(3) (annual returns of information by account manager)—...
21In regulation 31(7)(a) for paragraphs (i) to (iii) substitute—
2007 No. 2119
INCOME TAX

The Individual Savings Account (Amendment) Regulations 2007

Made
Laid before the House of Commons
Coming into force
The Treasury, in exercise of the powers conferred upon them by sections 694 to 701 of the Income Tax (Trading and Other Income) Act 20051 and section 151 of the Taxation of Chargeable Gains Act 19922, make the following Regulations: