Amendment of the Individual Savings Account Regulations 199820.

In regulation 31(3) (annual returns of information by account manager)—

(a)

in sub-paragraph (b)(ii) for “each” (where it first appears) substitute “the”;

(b)

in sub-paragraph (c)—

(i)

in the words preceding paragraph (i) for “maxi-account or mini-account, to which subscriptions,” substitute “account, to which subscriptions or a transfer under regulation 21”;

(ii)

in paragraph (i) for the words from “maxi-account” to the end substitute “cash account or stocks and shares account”;

(iii)

for paragraph (ii) substitute—

“(ii)

the total amount of cash subscribed to the account, in the year or the part of the year for which the return is made;”

(iv)

in paragraph (v) for “mini-account or TESSA only” substitute “cash”.