Regulation 8 Amendments to the principal Regulations

In regulation 36(6)^f1, for both the paragraph (d) treated as inserted in section 552(6) of the Taxes Act, and the paragraph (ca) treated as inserted in section 552(7) of that Act, substitute the following appropriately numbered paragraph—

“if the event is—

(i)

a termination event, or

(ii)

a chargeable event preceding such a termination event (as mentioned in regulation 36(2) of the Individual Savings Account Regulations 1998),

the period of three months beginning with the date on which the insurer received notice under regulation 9(9)(b) of those Regulations or, if earlier, actual notice of the termination event.”.