19.—(1) In regulation 21 (transfers relating to accounts other than junior ISA accounts)—
(a)in paragraph (4), omit “In the case of a cash account,” and for the first “the”, substitute “The”;
(b)omit paragraph (4A);
(c)for paragraph (4B), substitute—
“(4B) Where the current year’s subscriptions (with or without other subscriptions) are transferred under paragraph (4), the subscriptions in sub-paragraphs (a) and (b) in the definition of “the current year’s subscriptions” in paragraph (1) shall be treated, for all purposes including regulation 31(1)(c), as if they had been made to the account held with the transferee.”.
(2) In regulation 21(4DA)—
(a)in sub-paragraph (c), at the end, omit the word “or”;
(b)in sub-paragraph (d), at the end, for “.” substitute “, or”; and
(c)after sub-paragraph (d), insert—
“(e)a stocks and shares account is transferred (otherwise than in a bulk transfer of accounts) to a cash account held with the transferee immediately before the time when the transfer is made.”.
(3) In regulation 21(6)(b)—
(a)in paragraph (iv), at the end, insert “and”;
(b)in paragraph (v), at the end, for “, and”, substitute “.”; and
(c)omit paragraph (vi).