# The National Savings Regulations 2015, Regulation 4: Closure of certain individual savings accounts

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

(1) No deposit may be made in a relevant ISA.
(2) The Director of Savings may transfer the balance in a relevant ISA at the date of transfer including accrued interest not yet credited to the account to a Direct ISA opened in the name of the depositor.
(3) In this regulation—
“Direct ISA” means an individual savings account for which terms and conditions have been set under section 9A(1) of the 1971 Act;
“relevant ISA” means an individual savings account other than a Direct ISA.

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Source: https://www.legislation.gov.uk/uksi/2015/623/regulation/4 (the official version)
Page: https://openlegislation.uk/national-savings-regulations-2015/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.