Regulation 18 Amendment of the Individual Savings Account Regulations 1998
In regulation 31—
(a)
in paragraph (4) for “The” substitute “Subject to paragraph (5), the”;
(b)
in paragraph (5)—
(i)
for the words from the beginning to “applied” substitute “Paragraph (4) shall apply to policies of life insurance falling within regulation 9”; and
(ii)
omit “, and of cash”.