Regulation 5DB Defaulted investment subscriptionF1
United Kingdom
A subscription is a defaulted investment subscription if—
(a)
it is made to F2an account held by the account investor who held the account in respect of which a defaulted investment payment has been made no more than 180 days before the subscription is made; and
(b)
it does not exceed the amount of the defaulted investment payment.
Annotations
Textual amendments
- F1
Regs. 5D-5DM inserted (8.8.2012) by The Individual Savings Account (Amendment) (No. 2) Regulations 2012 (S.I. 2012/1871), regs. 1, 11
- F2
Words in reg. 5DB(a) substituted (1.7.2014) by The Individual Savings Account (Amendment No. 2) Regulations 2014 (S.I. 2014/1450), regs. 1, 12