OpenLegislation

Regulation 3 Amendment of the Individual Savings Account Regulations 1998

Original text. Later amendments are not shown.

In regulation 2(1) (interpretation)—

(a)

in sub-paragraph (a) insert at the appropriate place—

  • ““Child Trust Funds Regulations” means the Child Trust Funds Regulations 2004f1.”;

and

  • ““CTF matured account” has the meaning given in regulation 5DZAf2;”;

and

(b)

in sub-paragraph (b) for the definition of “recognised UCITS”f3 substitute—

  • ““recognised UCITS” means—

    1. (a)

      a UCITS within the meaning given by section 236A of the Financial Services and Markets Act 2000f4 which is a recognised scheme for the purposes of Part 17 of that Act; or

    2. (b)

      an undertaking established in Gibraltar which is a UCITS under the law of Gibraltar which implemented Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities;”.

Annotations

Footnotes

f1

S.I. 2004/1450.

f2

Regulation 5DZA is inserted by these Regulations.

f3

The definition of “recognised UCITS” was substituted for that of “relevant UCITS” by S.I.2009/1994. That definition is substituted in turn by S.I. 2019/689 which is not yet in force.

f4

2000 c.8 . Section 236A was inserted by S.I. 2019/325.