Regulation 1 Citation, commencement and effect

(1)

These Regulations may be cited as the Individual Savings Account (Amendment No. 2) Regulations 2010.

(2)

Regulation 3 of these Regulations shall come into force on 6th April 2011 and all other regulations thereof shall come into force on 4th January 2011.

(3)

Regulations 4 and 5 shall have effect in relation to instructions given on or after 4th January 2011 for a cash account or part of a cash account held by an account investor with an account manager to be transferred, subject to and in accordance with regulation 21 of the Individual Savings Account Regulations 1998^f1 (“ISA Regulations 1998”), to a cash account belonging to the account investor which is held with another account manager.

(4)

For the purposes of this regulation—

(a)

the terms “account investor” and “account manager” have the same meanings as they do in regulation 2(1)(a) of the ISA Regulations 1998; and

(b)

the term “cash account” has the same meaning as it does in regulation 4(1) of the ISA Regulations 1998.

Annotations

Footnotes

f1: S.I. 1998/1870; relevant amending instruments are S.I. 2002/1974, S.I. 2007/2119 and S.I. 2009/1994.