# The Individual Savings Account Regulations 1998, Regulation 5D: Subscriptions disregarded for the purposes of the subscription limits in regulations 4ZA(1) and 4ZB

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

(1) A subscription to an account made in accordance with this regulation must be disregarded for the purposes of the subscription limits in regulations 4ZA(1) (subscriptions to an account other than a junior ISA account) and 4ZB (subscriptions to a junior ISA account).
(2) A subscription to an account held by an account investor is made in accordance with this regulation if—
(a) the subscription is—
(i) a defaulted cash account subscription;
(ia) a defaulted Lifetime ISA subscription;
(ib) a returned withdrawal from a Lifetime ISA following failure of a purchase to complete under paragraph 10(1) of the Schedule;
(ii) a defaulted investment subscription; ...
(iia) a replacement subscription;
(iii) permitted in accordance with regulation 5DE; ...
(iv) permitted in accordance with regulation 5DDA; or
(v) permitted in accordance with regulation 5DDC; and
(b) the account manager of the account to which the subscription is made is provided with the information specified in regulation 5DF as relevant to the subscription; and
(c) in a case within sub-paragraph (a)(iv)—
(i) the account manager of the account to which the subscription is made is provided with the declarations required by regulation 5DFA as relevant to the subscription;
(ii) the notices specified in regulation 5DFB(1) and (3) are given, as relevant to the subscription; and
(iii) the information and declarations required by regulation 5DFC(2) are
provided; and
(d) in a case within paragraph (2)(a)(ib) the account manager of the Lifetime ISA to which the subscription is made is provided with the information specified in paragraph 9(3)(b) of the Schedule.
(3) A subscription to an account held by an account investor is made in accordance with this regulation if it comprises a transfer provided for by regulation 20A of the Child Trust Funds Regulations 2004.

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