Amendments to the Individual Savings Account Regulations 199817
In regulation 10 (qualifying individuals who may invest under an account)—
a
in the heading, at the end, add “that is not a junior ISA account”;
b
for paragraph (1) substitute—
1
This regulation specifies the description of individual (“qualifying individual”) who may invest under an account that is not a junior ISA account.
c
in paragraph (2)(ca)—
i
for “regulation 4(2)” substitute “regulation 4ZA(1)”, and
ii
for “regulation 4(3)” substitute “regulation 4ZA(2)”;
d
after paragraph (2) insert—
3
For the purposes of paragraph (2)(b) and (c), a subscription to a junior ISA account shall be disregarded.