Regulation 12 Conditions for application to open an account that is not a junior ISA account or a Lifetime ISAF40F41

be made to an account manager in a statement, and

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

his application is to F4open a stocks and shares accountF5, cash account or innovative finance account, as the case may be;

the declaration shall have effect for the year to which paragraph (2) refers, and each successive year following that year, F6until the account is closed;

all cash subscriptions made, and to be made, to the account are the applicant’s cash;

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that the applicant has not subscribed, and will not subscribe, more than the F9... overall subscription limit in F10regulation 4ZA(1) (aggregating subscriptions to all accounts)—

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the applicant is F1318 years of age or over, and F14except in relation to a subscription made in accordance with regulation 5D F15or 5DZ into an account opened solely to receive such a subscription—

and will inform the account manager if he ceases to be so resident F19..., or to perform such duties, or to be married to F20or in a civil partnership with a person who performs such duties, as the case may be;

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the applicant’s full name,

the address of his permanent residence, including postcode,

his national insurance number F23or, where applicable, confirmation that the applicant does not qualify for a national insurance number, F24...

his date of birthF25,

the authorisation specified in paragraph (4A)

to hold the subscriptions, account investments, interest, dividends and any other rights or proceeds in respect of those investments and cash;

to make on behalf of the applicant any claims to relief from tax in respect of account investments; and

to make a record in writing in accordance with paragraph (7) where that paragraph requires the account manager to do so.

he is not or might not be a qualifying individual, or

he has given untrue information in his application.

the account manager must, immediately after receiving the application, record in writing on behalf of the applicant, the declaration required by paragraph (3) and authorisation required by paragraphs (4)(e) and (4A);

the account manager must notify the applicant of the contents of the written record within 5 business days of making it; and

the written record (as amended by any corrections notified to the account manager by the applicant within 30 days of the notification mentioned in sub-paragraph (b)) shall be treated as the applicant’s declaration required by paragraph (3) and authorisation required by paragraphs (4)(e) and (4A).

the statement and declarations to which paragraphs (1), (3) and (7) refer were a statement or declarations, as the case may be, within the meaning of subsection (1)(b), and

there were substituted for subsection (3) the following words—

“(3)

The relevant years of assessment for the purposes of this section are the year of assessment in respect of which any claim to relief or exemption from tax in connection with which the statement or declarations are relevant, is made, the next following, and any preceding year of assessment.”

by telephonic facsimile transmission containing the signature of the individual, or

by electronic communication containing an electronic signature of the individual.

a record shall be regarded as being a written record if it is produced by electronic means;

the notification of the contents of the record by the account manager to the applicant required by paragraph (7)(b) may be sent to the applicant by telephonic facsimile transmission or by electronic communication.

if the individual is resident in England and Wales—

if the individual is resident in Scotland or Northern Ireland and is suffering from mental disorder, by a parent, guardian, spouse, civil partner, son or daughter of the individual.