Amendments to the Individual Savings Account Regulations 1998
9. In regulation 4A (repair of certain incompatible accounts and excess subscriptions)—
(a)for the heading, substitute “Repair of certain incompatible account and excess subscriptions - accounts other than junior ISA accounts”;
(b)in paragraph (1)—
(i)in the parts of the paragraph headed “First Condition” and “Second Condition” for “regulation 4(1)(d) or (e)” substitute “regulation 4(1B)(a) or (b)”, and
(ii)in the part of the paragraph headed “Third Condition” for “regulation 4(2)(a)” substitute “regulation 4ZA(1)(b)”;
(c)in paragraph (2)(e) for “regulation 4(1)(a)” substitute “regulation 4(1A)(a)”;
(d)in paragraph (3)(b) for “regulation 4(1)(d) or (e), or 4(2)(a)” substitute “regulation 4(1B)(a) or (b), or 4ZA(1) or (2)”;
(e)in paragraph (4)(a)(ii) for “regulation 4(2) and (3)” substitute “regulation 4ZA(1) and (2)”; and
(f)after paragraph (5) insert—
“(6) For the purposes of this regulation, a subscription to an account that is a junior ISA account shall be disregarded.”.