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The Individual Savings Account (Amendment No. 2) Regulations 2017

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Regulation 5DD

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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)..

(1)

Regulation 5DD was inserted by S.I. 2012/1871 and substituted by S.I. 2016/364.

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