Regulation 19 Amendment of regulation 12

In regulation 12 (conditions for application to open an account that is not a junior ISA account or a Lifetime ISA)—

(a)

for paragraph (1) substitute—

“(1)

An application by an individual to open an account must—

(a)

be made to an account manager in a statement, and

(b)

meet the conditions in paragraphs (2), (3) and (4).”;

(b)

in paragraph (3)—

(i)

in sub-paragraph (b) for “in which the applicant subscribes to the account” substitute “until the account is closed”;

(ii)

omit sub-paragraphs (d) and (e);

(iii)

in sub-paragraph (f) for “16” substitute “18”;

(iv)

omit sub-paragraph (fa);

(c)

omit paragraph (11A).