{
  "url": "https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2005/note",
  "json_url": "https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2005/note.json",
  "legislation": "uksi/2005/2561",
  "legislation_title": "The Individual Savings Account (Amendment No. 2) Regulations 2005",
  "legislation_url": "https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2005",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the Individual Savings Account Regulations 1998 (S.I. 1998/1870: “the main Regulations”). The principal effects are (1) to extend the annual subscription limits to 5th April 2010 (2) to apply the “cash like test” in regulation 7(15) to shares and securities and (3) to make small changes to the annual information returns required from account managers.\nRegulation 1 provides for citation and commencement and regulation 2 for amendment of the main Regulations. Regulation 4 extends the annual subscription limits to 5th April 2010.\nRegulation 5 applies the “cash like test” to shares and securities (if they fail that test, regulation 6 provides that they may be held under a cash component).\nRegulation 7 makes changes to the annual information return (the main change is that subscriptions invested in insurance policies have to be returned separately).\nThese Regulations impose no new costs (exceeding the minimum threshold) on business.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/2561/note",
    "retrieved_at": "2026-10-29T04:52:40.572778+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}