Regulation 5 Amendments to the Individual Savings Account Regulations 1998

after the definition of “child”, insert—

• ““child trust fund” has the meaning given by section 1 of the Child Trust Funds Act 2004^f1;”;

in paragraph (iv) of the definition of “company”, for “51 per cent.” substitute “51%”;

after the definition of “credit union”, insert—

• ““CTA 2010” means the Corporation Tax Act 2010^f2;”;

for the definitions of “51 per cent. subsidiary” and “75 per cent. subsidiary”, substitute—

• ““51% subsidiary” and “75% subsidiary” have the same meanings as they do in section 1154 of CTA 2010;”;

after the definition of “junior ISA account”, insert—

• ““Looked After Child” has the meaning given in regulation 2F (special provision in respect of Looked After Children);”.