Regulation 20 Amendments to the Individual Savings Account Regulations 1998

after sub-paragraph (a) insert—

“(aa)

if the person intends to be an account manager in relation to a junior ISA account, the person must undertake to the Board to—

(i)

publicise (and update where appropriate) statements of the minimum amount which may be subscribed to a junior ISA account on a single occasion, and the permitted means of payment of subscriptions; and

(ii)

inform persons proposing to make a subscription to a junior ISA account (other than the named child) that the subscription is a gift to the child;”; and

in sub-paragraph (c) for “section 43” substitute “sections 42 and 43”.