Amendment of the Individual Savings Account Regulations 1998
This section has no associated Explanatory Memorandum
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.