{
  "url": "https://openlegislation.uk/individual-savings-account-amendment-regulations-2023/regulation-3",
  "json_url": "https://openlegislation.uk/individual-savings-account-amendment-regulations-2023/regulation-3.json",
  "legislation": "uksi/2023/264",
  "legislation_title": "The Individual Savings Account (Amendment) Regulations 2023",
  "legislation_url": "https://openlegislation.uk/individual-savings-account-amendment-regulations-2023",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Amendment of regulation 2",
  "text": "(1) In regulation 2(1)(a) (interpretation), for the definition of “dormant account” substitute—\n““dormant account” means an account which contains a “relevant dormant asset” within the meaning given in section 39(2) of the Finance Act 2008, omitting the words “is to be, or”;”.\n(2) In regulation 2(1)(b), in the definition of “recognised UCITS”—\n(a) after sub-paragraph (a) omit “or”, and\n(b) after sub-paragraph (b) insert—\n“; or\n(c) a recognised scheme in accordance with section 271A of the Financial Services and Markets Act 2000.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "The definition of “dormant account” was inserted by S.I. 2011/22."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "2008 c. 9. Section 39 was substituted by paragraph 2 of Schedule 6 to the Finance Act 2022 (c. 3)."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "The definition of “recognised UCITS” was amended by S.I. 2019/325 and was substituted by S.I. 2019/689."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "2000 c. 8. Section 271A was inserted by Schedule 9 to the Financial Services Act 2021 (c. 22)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2023/264/regulation/3",
    "retrieved_at": "2026-10-28T21:48:26.919260+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."
}