{
  "url": "https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2012/regulation-13",
  "json_url": "https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2012/regulation-13.json",
  "legislation": "uksi/2012/1871",
  "legislation_title": "The Individual Savings Account (Amendment) (No. 2) Regulations 2012",
  "legislation_url": "https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2012",
  "path": "regulation/13",
  "kind": "regulation",
  "number": "13",
  "heading": "Amendments to the Individual Savings Account Regulations 1998",
  "text": "In regulation 8 (qualifying investments for a cash component), for paragraph (3) substitute—\n“(3) A deposit account or share account which is a qualifying investment for a cash component falling within sub-paragraphs (a) or (b) of paragraph (2) respectively (“Account A”) must not be connected with any other account falling within the descriptions in those sub-paragraphs (“Account B”), held by the account investor or any other person.\n(4) For the purposes of paragraph (3), Account A is connected with Account B if all of the following circumstances apply—\n(a) either of the accounts was opened with reference to the other, or with a view to enabling the other to be opened on particular terms, or with a view to facilitating the opening of the other on particular terms,\n(b) the terms on which Account A was opened would have been significantly less favourable to the holder if Account B had not been opened, and\n(c) Account B is not a tax exempt account.\n(5) The following are tax exempt accounts for the purposes of paragraph (4)—\n(a) an account opened (or treated as opened) in accordance with regulation 12 or 12A;\n(b) a child trust fund.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2012/1871/regulation/13",
    "retrieved_at": "2026-10-29T01:25:05.454480+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}