The Individual Savings Account (Amendment No. 2) Regulations 2016 No. 364

Amendment of the Individual Savings Account Regulations 1998

15.  In regulation 14 (account manager qualifications and Board’s approval)—

(a) in paragraph (2)(b)(i)—

(i) after “permission”, insert “(other than an interim permission)”; and

(ii) for “37”, substitute “36H, 37, 39G”; and

(b) in paragraph (3)(a), for “or both” substitute “or innovative finance accounts only, or any combination of such accounts”.