Amendment of the Individual Savings Account Regulations 19983

In regulation 2(1) (interpretation)—

a

in sub-paragraph (a) insert at the appropriate place—

  • “Child Trust Funds Regulations” means the Child Trust Funds Regulations 20045.

and

  • “CTF matured account” has the meaning given in regulation 5DZA6;

and

b

in sub-paragraph (b) for the definition of “recognised UCITS”7 substitute—

  • “recognised UCITS” means—

    1. a

      a UCITS within the meaning given by section 236A of the Financial Services and Markets Act 20008 which is a recognised scheme for the purposes of Part 17 of that Act; or

    2. b

      an undertaking established in Gibraltar which is a UCITS under the law of Gibraltar which implemented Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities;