Regulation 7 Amendment of the Individual Savings Account Regulations 1998

In regulation 7(2)^f1 add at the end—

“(m)

units in a relevant collective investment scheme specified as a stakeholder product by regulation 5 of the Stakeholder Products Regulations, in circumstances where the units satisfy the condition in paragraph (15);

(n)

policies of life insurance falling within regulation 9, issued in respect of an insurance made on or after 6th April 2005, in circumstances where the policy satisfies the condition in paragraph (15);

(o)

policies of life insurance falling within regulation 9, issued in respect of an insurance made before—

(i)

6th April 2004, in a case where regulation 4C(2)(a) or (b) applies, or

(ii)

6th April 2005, in a case where regulation 4C(3)(b) applies.”