# The Individual Savings Account (Amendment No. 2) Regulations 2011, Regulation 20: Amendments to the Individual Savings Account Regulations 1998


In paragraph (2) of regulation 14 (account manager – qualifications and Board’s approval)—
(a) 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
(b) in sub-paragraph (c) for “section 43” substitute “sections 42 and 43”.

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Source: https://www.legislation.gov.uk/uksi/2011/1780/regulation/20 (the official version)
Page: https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2011/regulation-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.