{
  "url": "https://openlegislation.uk/individual-savings-account-amendment-regulations-2005/note",
  "json_url": "https://openlegislation.uk/individual-savings-account-amendment-regulations-2005/note.json",
  "legislation": "uksi/2005/609",
  "legislation_title": "The Individual Savings Account (Amendment) Regulations 2005",
  "legislation_url": "https://openlegislation.uk/individual-savings-account-amendment-regulations-2005",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the Individual Savings Account Regulations 1998 (S.I. 1998/1870: “the main Regulations”). They correct a technical drafting defect in the Individual Savings Account Regulations (Amendment No. 2) Regulations 2004 (S.I. 2004/2996). Those Regulations applied the “5% test,” used to identify if investments are cash-like in form, in a modified form to investments held in an ISA insurance component on 6th April 2005, to determine whether those investments will be held in a stocks and shares component or cash component from that date.\nThese Regulations clarify the interaction between regulations 4C(3) and 7(15) of the main Regulations.\nA Regulatory Impact Assessment has not been produced for these Regulations as it has no impact (exceeding the minimum threshold) on the costs of business.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/609/note",
    "retrieved_at": "2026-10-29T05:05:05.745430+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."
}