The Individual Savings Account (Amendment No. 2) Regulations 2014

Amendment of the Individual Savings Account Regulations 1998

This section has no associated Explanatory Memorandum

8.  In regulation 4A (repair of certain incompatible account and excess subscriptions—accounts other than junior ISA accounts)—

(a)in paragraph (1), under the “Third Condition”, for “4ZA(1)(b)”, substitute “4ZA(1)”;

(b)in paragraph (3)(b), omit “or (2)”; and

(c)in paragraph (4)—

(i)in sub-paragraph (a), before paragraph (i), for “limits”, substitute “limit”; and

(ii)in sub-paragraph (a)(ii), for “limits” substitute “limit”, and omit “and (2), as the case may be”.