Regulation 3 Introductory

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg. 3(b)(c) word inserted by Financial Services and Markets Act 2000 (Taxes) 2001 art. 133(1)(a)
reg. 3(b)(cd) word inserted by Financial Services and Markets Act 2000 (Taxes) 2001 art. 133(1)(a)
reg. 3(cc) word inserted by Financial Services and Markets Act 2000 (Taxes) 2001 art. 133(2)(a)
reg. 3(d) word inserted by Financial Services and Markets Act 2000 (Taxes) 2001 art. 133(2)(a)
reg.3(cc)(cd) added by Tax-exempt Special Savings Account 1995 reg.4

These Regulations–

(a)

prescribe a condition additional to those set out in section 326A of the Taxes Act which must be satisfied if an account is to be or remain a tax-exempt special savings account;

(b)

make provision for the giving by the Board to societies and institutions of notices prohibiting them from operating new accounts, including provision about appeals against the giving of notices;

(c)

require societies and institutions operating or proposing to operate accounts to give information and send documents to the Board and to make documents available for inspection;

(d)

make provision as to the transfer of accounts from one society or institution to another;

(e)

generally supplement the provisions of the principal sections.