The Individual Savings Account (Amendment) Regulations 2007 No. 2119

Amendment of the Individual Savings Account Regulations 1998

8.  In regulation 4B (closure followed by opening of same type of account)(1) —

(a) in the heading, for “mini-account or TESSA only” substitute “cash”;

(b) in paragraph (1)(a)(i), for “mini-account or TESSA only” substitute “cash”;

(c) in paragraph (1)(a)(iii), for the words from “account which” to the end substitute “cash account”; and

(d) in paragraph (2), for sub-paragraphs (a) and (b) and the hyphen which precedes them substitute “as complying with the conditions of regulation 4(1)(d)”.

(1)

Regulation 4B was inserted by S.I. 2002/3158.