# The Individual Savings Account Regulations 1998, Regulation 5DZ: Treatment of ISA where funds transferred under regulation 13A of the Child Trust Funds Regulations (maturity of child trust fund - instructions)

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

(1) This regulation applies where a qualifying individual has given an instruction under regulation 13A of the Child Trust Funds Regulations that investments be transferred by way of subscription to an account under these regulations.
(2) A subscription made in accordance with this regulation must be disregarded for the purposes of—
(a) the overall subscription limit under regulation 4ZA(1) (subscriptions to an account other than a junior ISA account); and
(b) the conditions under regulations—
(i) 10(2)... (d) (qualifying individuals who may invest under an account that is not a junior ISA account nor a Lifetime ISA);
(ii) 10A(2)(f) (Lifetime ISA qualifying individuals who may invest under a Lifetime ISA); and
(iii) 12B(4)(d)(i) to (iii) (conditions for application to open an account that is a Lifetime ISA).
(3) Where a qualifying individual has given an instruction in relation to funds held otherwise than in cash, such transfer may be made in specie.

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