# The Individual Savings Account (Amendment) Regulations 2023, Regulation 3: Amendment of regulation 2


(1) In regulation 2(1)(a) (interpretation), for the definition of “dormant account” substitute—
““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”;”.
(2) In regulation 2(1)(b), in the definition of “recognised UCITS”—
(a) after sub-paragraph (a) omit “or”, and
(b) after sub-paragraph (b) insert—
“; or
(c) a recognised scheme in accordance with section 271A of the Financial Services and Markets Act 2000.”.

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Source: https://www.legislation.gov.uk/uksi/2023/264/regulation/3 (the official version)
Page: https://openlegislation.uk/individual-savings-account-amendment-regulations-2023/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.