Article 3

After Article 2B, there shall be inserted the following–

“2C

In this Order, the expression “follow-up account” has the same meaning as in section 326BB of the Income Taxes Act 1988^f1, the expression “individual savings account” has the same meaning as in regulation 29L of the National Savings Bank Regulations 1972^f2 and the expressions “tax exempt special savings account” and “TESSA only account” have the same meaning as in the Individual Savings Account Regulations 1998.”^f3.

Annotations

Footnotes

f1: 1988 c. 1; section 326BB was inserted by section 62(2) of the Finance Act 1995 (c. 4).
f2: S.I. 1972/764: the definition of “individual savings account” was inserted in regulation 2(1) by S.I. 1999/588 with effect from 6th April 1999.
f3: S.I. 1998/1870.