# The Individual Savings Account Regulations 1998, Regulation 5C: Treatment of certain sums held in dormant accounts

Extent: E+W+S+N.I.

(1) Regulations 30 and 31 (information by account managers) shall not apply to a dormant account, while section 1 or 2 of the Dormant Bank and Building Society Accounts Act 2008 (“the 2008 Act”) or sections 2, 5, 8, 12 or 14 of the Dormant Assets Act 2022 applies in relation to that account.
(2) Where, following a repayment claim, the balance of a dormant account is paid—
(a) back into the account (in a case where the original ... account can be reinstated with the same account manager, the same account investor and number), or
(b) into another ... account in the same account investor’s name ... (in any other case),
the payment into the account shall not count towards the subscription limit in regulation 4ZA(1).
(3) In this regulation, “repayment claim” means a repayment claim mentioned in section 5(6) of the 2008 Act, and other terms used in this regulation and that Act have the same meaning in this regulation as in that Act.

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Source: https://www.legislation.gov.uk/uksi/1998/1870/regulation/5C (the official version)
Page: https://openlegislation.uk/individual-savings-account-regulations-1998/regulation-5C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.