# The Individual Savings Account (Amendment No. 2) Regulations 2009, Regulation 3: Amendments to the Individual Savings Account Regulations 1998


In regulation 2(1) (interpretation)—
(a) in sub-paragraph (a)—
(i) in the definition of “company”, for paragraph (ii) substitute—
“(ii) a UK UCITS, recognised UCITS or non-UCITS retail scheme,”
(ii) in the definition of “EEA Agreement” at the end add “, as modified or supplemented from time to time”;
(b) in sub-paragraph (b)—
(i) omit the definitions of a “Chapter 5 UCITS” and “UCITS” (with its associated expressions);
(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”;
(iii) for the definition of a “relevant UCITS” substitute—
““recognised UCITS” means—
(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
(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;”;
(iv) in the definition of “units in, or shares of, a UCITS”, before “UCITS” (in both places it appears), insert “UK UCITS or recognised”;
(v) add at the appropriate places—
““collective investment scheme” has the meaning in section 235 of FISMA 2000;”
““FISMA 2000” means the Financial Services and Markets Act 2000;”
““UK UCITS” means—
(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
(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;”.

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Source: https://www.legislation.gov.uk/uksi/2009/1994/regulation/3 (the official version)
Page: https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2009/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.