{
  "url": "https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2009/regulation-3",
  "json_url": "https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2009/regulation-3.json",
  "legislation": "uksi/2009/1994",
  "legislation_title": "The Individual Savings Account (Amendment No. 2) Regulations 2009",
  "legislation_url": "https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2009",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Amendments to the Individual Savings Account Regulations 1998",
  "text": "In regulation 2(1) (interpretation)—\n(a) in sub-paragraph (a)—\n(i) in the definition of “company”, for paragraph (ii) substitute—\n“(ii) a UK UCITS, recognised UCITS or non-UCITS retail scheme,”\n(ii) in the definition of “EEA Agreement” at the end add “, as modified or supplemented from time to time”;\n(b) in sub-paragraph (b)—\n(i) omit the definitions of a “Chapter 5 UCITS” and “UCITS” (with its associated expressions);\n(ii) in the definition of “non-UCITS retail scheme” for “Sections 5.1, 5.4 and 5.6 of that Sourcebook” substitute “COLL 5.1, 5.4 and 5.6”;\n(iii) for the definition of a “relevant UCITS” substitute—\n““recognised UCITS” means—\n(a) a collective investment scheme constituted in an EEA State, which is a “recognised scheme” under section 264 of FISMA 2000, and complies with the requirements to be a “UCITS scheme” for the purposes of the Collective Investment Schemes Sourcebook (see in particular COLL 1.2.2); or\n(b) a part of a recognised UCITS mentioned in paragraph (a) of this definition, which would be a sub-fund of an umbrella scheme which is a recognised UCITS;”;\n(iv) in the definition of “units in, or shares of, a UCITS”, before “UCITS” (in both places it appears), insert “UK UCITS or recognised”;\n(v) add at the appropriate places—\n““collective investment scheme” has the meaning in section 235 of FISMA 2000;”\n““FISMA 2000” means the Financial Services and Markets Act 2000;”\n““UK UCITS” means—\n(a) a collective investment scheme authorised under section 31(1)(a) of FISMA 2000, which complies with the requirements to be a “UCITS scheme” for the purposes of the Collective Investment Schemes Sourcebook (see in particular COLL 1.2.2); or\n(b) a part of a UK UCITS mentioned in paragraph (a) of this definition which would be a sub-fund of an umbrella scheme which is a UK UCITS;”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "The definition of “company” was amended by S.I. 2001/3629."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "The definition of “Chapter 5 UCITS” was substituted by S.I. 2008/704."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "The definition of “non-UCITS retail scheme” was inserted by regulation 4 of S.I. 2005/3350."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "The definition was amended by S.I. 2003/2747."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "2000 c. 8."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2009/1994/regulation/3",
    "retrieved_at": "2026-10-29T03:08:02.986159+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."
}