# The Individual Savings Account Regulations 1998, Regulation 5DI: Special provision in respect of Lehman Brothers investments and Keydata investments


(1) Regulations 5DJ to 5DM make special provision in respect of an investment that is a Lehman Brothers investment or a Keydata investment.
(2) An investment is a Lehman Brothers investment if—
(a) the investment was a qualifying investment held by an account investor in a stocks and shares account on 15th September 2008;
(b) Lehman Brothers Holdings Inc. acted as the sole counterparty underwriting the investment on that day; and
(c) the investment was not sold or otherwise disposed of on that day so as to cause it to cease to be a qualifying investment of the account on that day or any other day.
(3) An investment is a Keydata investment if—
(a) the investment was a qualifying investment held by an account investor in a stocks and shares account on 8th June 2009;
(b) Keydata Investment Services Limited (Keydata) on that day—
(i) was the account manager of the account, or
(ii) administered the account for another account manager; and
(c) the investment was not sold or otherwise disposed of on that day so as to cause it to cease to be a qualifying investment of the account on that day or any other day.

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