{
  "url": "https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2016/regulation-16",
  "json_url": "https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2016/regulation-16.json",
  "legislation": "uksi/2016/364",
  "legislation_title": "The Individual Savings Account (Amendment No. 2) Regulations 2016",
  "legislation_url": "https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2016",
  "path": "regulation/16",
  "kind": "regulation",
  "number": "16",
  "heading": "Amendment of the Individual Savings Account Regulations 1998",
  "text": "In regulation 21 (transfers relating to accounts other than junior ISA accounts)—\n(a) in paragraph (4)—\n(i) at the end of sub-paragraph (a), omit “or”;\n(ii) after sub-paragraph (b), insert—\n“or\n(c) an innovative finance account (if the account investor is 18 years of age or over),”;\n(b) in paragraph (4C)—\n(i) at the end of sub-paragraph (a), omit “or”;\n(ii) after sub-paragraph (b), insert—\n“or\n(c) an innovative finance account to an innovative finance account,”;\n(c) in paragraph (4DA)—\n(i) after sub-paragraph (c), insert—\n“(ca) an innovative finance account (whether or not in a bulk transfer of accounts) is transferred to an innovative finance account held with the transferee immediately before the time when the transfer is made;”;\n(ii) in sub-paragraph (d), after “stocks and shares account” insert “or an innovative finance account”;\n(iii) at the end of sub-paragraph (d), omit “or”;\n(iv) in sub-paragraph (e), after “cash account” insert “or an innovative finance account”;\n(v) at the end of sub-paragraph (e), omit the full-stop; and\n(vi) after sub-paragraph (e), insert—\n“; or\n(f) an innovative finance account is transferred (otherwise than in a bulk transfer of accounts) to a cash account or a stocks and shares account held with the transferee immediately before the time when the transfer is made.”;\n(d) in paragraph (4DB), for “(4DA)(b) or (c)” substitute “(4DA)(b), (c), or (ca)”; and\n(e) in paragraph (6)(b)(i), for “or stocks and shares account” substitute “, stocks and shares account or innovative finance account”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 16 in force at 6.4.2016, see reg. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2016/364/regulation/16",
    "retrieved_at": "2026-10-28T23:25:29.635916+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."
}