# The Individual Savings Account (Amendment) Regulations 2020, Regulation 5: Amendment of the Individual Savings Account Regulations 1998


In regulation 7 (qualifying investments for a stocks and shares component), after paragraph (2) insert—
“(2A) Notwithstanding any provision of paragraph (1), investments which—
(a) are held by an account investor under a stocks and shares component on the coming into force of this paragraph; and
(b) immediately beforehand fell within paragraph (2)(f) by virtue of being units in, or shares of, a recognised UCITS,
are to be treated, for as long as they are so held, as qualifying investments for the stocks and shares component.”.

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Source: https://www.legislation.gov.uk/uksi/2020/30/regulation/5 (the official version)
Page: https://openlegislation.uk/individual-savings-account-amendment-regulations-2020/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.