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Regulation 17 Amendments to the Individual Savings Account Regulations 1998

Original text. Later amendments are not shown.

In regulation 10 (qualifying individuals who may invest under an account)—

(a)

in the heading, at the end, add “that is not a junior ISA account”;

(b)

for paragraph (1) substitute—

“(1)

This regulation specifies the description of individual (“qualifying individual”) who may invest under an account that is not a junior ISA account.”;

(c)

in paragraph (2)(ca)—

(i)

for “regulation 4(2)” substitute “regulation 4ZA(1)”, and

(ii)

for “regulation 4(3)” substitute “regulation 4ZA(2)”;

(d)

after paragraph (2) insert—

“(3)

For the purposes of paragraph (2)(b) and (c), a subscription to a junior ISA account shall be disregarded.”.