# The Individual Savings Account (Amendment) Regulations 2016, Regulation 3: Amendment ofregulation 2 (interpretation)

Extent: E+W+S+N.I.

(1) In regulation 2(1)(a) (interpretation), after the meanings for “51% subsidiary” and “75% subsidiary”, insert—
““first subscription”, in any year, means the first subscription into an account in that year which is not a subscription made in accordance with regulation 5D;”.
(2) After the meaning for “first subscription” in that regulation inserted by paragraph (1), insert—
““flexible account” has the meaning given in regulation 5DDB;”.
(3) After the meaning for “relevant authorised person” in that regulation, insert—
““replacement subscription” has the meaning given in regulation 5DDB;”.

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Source: https://www.legislation.gov.uk/uksi/2016/16/regulation/3 (the official version)
Page: https://openlegislation.uk/individual-savings-account-amendment-regulations-2016/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.