The Individual Savings Account (Amendment) Regulations 2016 No. 16

Amendment of regulation 10 (qualifying individuals who may invest under an account that is not a junior ISA account)

12.  In regulation 10(2)−

(a) in paragraph (b) after “who,” insert “except for a subscription made in accordance with regulation 5D(2)(a)(i),(iia),(iv) or (v),”;

(b) in paragraph (c) after “who,” insert “except for a subscription made in accordance with regulation 5D(2)(a)(iia) or (iv),”;

(c) in paragraph (d)(iii) omit the full stop and substitute “; or”; and

(d) after paragraph (d)(iii) insert−

“(iv) who, where the terms and conditions of an account allow for it, though not resident in the United Kingdom, makes a subscription to the account in accordance with regulation 5D .”.