Regulation 4 Amendment of regulation 4ZA

After paragraph (1A) of regulation 4ZA (subscriptions to an account other than a junior ISA account)^f1 insert—

“(1B)

A qualifying individual^f2 may only subscribe to an account that is not a junior ISA account if the account manager^f3 of that account—

(a)

has been provided with the qualifying individual’s national insurance information specified in paragraph (4), and

(b)

has no reason to believe that the qualifying individual does not meet the requirement of regulation 12(3)(f)^f4.”.

Annotations

Footnotes

f1: Regulation 4ZA was inserted by S.I. 2011/1780 and was amended by S.I. 2014/1450, 2017/186, 2017/466, 2024/350 and 2024/1022.
f2: “Qualifying individual” is defined in regulation 10 of the principal Regulations.
f3: “Account manager” is defined in regulation 2(1)(a) of the principal Regulations.
f4: Paragraph (3)(f) of regulation 12 was substituted by S.I. 2001/908 and was amended by S.I. 2005/3230, 2008/704, 2011/1780, 2013/605, 2016/16, 2020/30 and 2024/350.