# The Individual Savings Account (Amendment) Regulations 2014, Regulation 3: Amendment of the Individual Savings Account Regulations 1998


In regulation 2 (interpretation), in paragraph (1)(a)—
(a) in the definition of “account”, in paragraph (iv), from “section” to “institution”, substitute: “section 991(2) of the Income Tax Act 2007”;
(b) after the definition of “assurance undertaking” insert—
““bank” has the meaning given by section 991(2) to (5) of the Income Tax Act 2007;”;
(c) in the definition of “European institution”, for “paragraph 5(a), (b) or (c)”, substitute: “paragraph 5(a) to (d), (f) and (h)”; and after “under paragraph 12”, insert: “(1) to (4) and (7)”;
(d) for the meaning given for “investment trust”, substitute—
““investment trust” is a company that is such a trust for the purposes of the Corporation Tax Acts, or would be such a trust but for section 1158(3) of the Corporation Tax Act 2010;”
(e) omit the definition of “relevant European institution”.

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Source: https://www.legislation.gov.uk/uksi/2014/654/regulation/3 (the official version)
Page: https://openlegislation.uk/individual-savings-account-amendment-regulations-2014/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.