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13. In regulation 5DD(b) (defaulted investment payment)(1) —
(a)at the end of paragraph (a) omit “or”,
(b)after paragraph (b) insert—
“; or
(c)described in regulation 7 or 8, held in a Lifetime ISA (whether or not the defaulted investment continues to be held in the account at the time of the payment).”.
Regulation 5DD was inserted by S.I. 2012/1871 and substituted by S.I. 2016/364.
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