SI 1998/1870 - INDIVIDUAL SAVINGS ACCOUNT REGULATIONS 1998
Contents:
- SI 1998/1870 - INDIVIDUAL SAVINGS ACCOUNT REGULATIONS 1998
- CITATION AND COMMENCEMENT (reg. 1)
- INTERPRETATION (reg. 2)
- MEANING OF ACCOUNT INVESTOR (reg. 2A)
- MEANING OF JUNIOR ISA ACCOUNT (reg. 2B)
- MEANING OF “REGISTERED CONTACT” ETC. (reg. 2C)
- REGULATIONS THAT DO NOT APPLY TO JUNIOR ISA ACCOUNTS (reg. 2D)
- CONTRACTS ENTERED INTO BY OR ON BEHALF OF A CHILD WHO IS 16 OR OVER (reg. 2E)
- SPECIAL PROVISION IN RESPECT OF LOOKED AFTER CHILDREN (reg. 2F)
- CONTINUING ACCOUNT OF A DECEASED INVESTOR AND ADMINISTRATION-PERIOD INVESTMENTS (reg. 2G)
- INTRODUCTORY (reg. 3)
- GENERAL CONDITIONS FOR ACCOUNTS AND SUBSCRIPTIONS TO ACCOUNTS (reg. 4)
- SUBSCRIPTIONS TO AN ACCOUNT OTHER THAN A JUNIOR ISA ACCOUNT (reg. 4ZA)
- SUBSCRIPTIONS TO A JUNIOR ISA ACCOUNT (reg. 4ZB)
- INALIENABILITY OF A JUNIOR ISA ACCOUNT (reg. 4ZC)
- PERMITTED WITHDRAWALS FROM A JUNIOR ISA ACCOUNT (reg. 4ZD)
- PERMITTED WITHDRAWALS FROM A JUNIOR ISA ACCOUNT WHERE THE NAMED CHILD IS TERMINALLY ILL (reg. 4ZE)
- REPAIR OF CERTAIN INCOMPATIBLE ACCOUNTS AND EXCESS SUBSCRIPTIONS – ACCOUNTS OTHER THAN JUNIOR ISA ACCOUNTS (reg. 4A)
- APPLICATION OF THE REPAIR PROVISIONS TO LIFETIME ISAS (reg. 4AA)
- CLOSURE OF CASH ACCOUNT THAT IS NOT A JUNIOR ISA ACCOUNT PRIOR TO THE OPENING OF THE SAME TYPE OF ACCOUNT TO BE DISREGARDED ONCE (reg. 4B)
- REMOVAL OF INSURANCE COMPONENTS AT 6TH APRIL 2005 (reg. 4C)
- REMOVAL OF MAXI-ACCOUNTS, MINI-ACCOUNTS AND TESSA ONLY ACCOUNTS AT 6TH APRIL 2008 (reg. 4D)
- TRANSFERS FROM MATURED TAX-EXEMPT SPECIAL SAVINGS ACCOUNTS (reg. 5)
- TREATMENT OF SUMS HELD IN ACCOUNTS MANAGED BY ICESAVE BANK (reg. 5A)
- TREATMENT OF CERTAIN SUMS HELD IN ACCOUNTS MANAGED BY KEYDATA INVESTMENT SERVICES LIMITED (reg. 5B)
- TREATMENT OF CERTAIN SUMS HELD IN DORMANT ACCOUNTS (reg. 5C)
- SUBSCRIPTIONS DISREGARDED FOR THE PURPOSES OF THE SUBSCRIPTION LIMITS IN REGULATIONS 4ZA(1) AND 4ZB (reg. 5D)
- TREATMENT OF ISA WHERE FUNDS TRANSFERRED UNDER REGULATION 13A OF THE CHILD TRUST FUNDS REGULATIONS (MATURITY OF CHILD TRUST FUND - INSTRUCTIONS) (reg. 5DZ)
- TREATMENT OF ISA WHERE FUNDS TRANSFERRED UNDER REGULATION 13B(2)(b) OF THE CHILD TRUST FUNDS REGULATIONS (MATURITY OF CHILD TRUST FUND - NO INSTRUCTIONS) (reg. 5DZA)
- DEFAULTED CASH ACCOUNT SUBSCRIPTION (reg. 5DA)
- DEFAULTED LIFETIME ISA SUBSCRIPTION (reg. 5DAA)
- DEFAULTED INVESTMENT SUBSCRIPTION (reg. 5DB)
- DEFAULT EVENT IN RESPECT OF CASH ACCOUNT (reg. 5DC)
- DEFAULTED INVESTMENT PAYMENT (reg. 5DD)
- ADDITIONAL PERMITTED SUBSCRIPTION TO AN ACCOUNT OTHER THAN A JUNIOR ISA ACCOUNT (reg. 5DDA)
- FLEXIBLE ACCOUNT (reg. 5DDB)
- ADDITIONAL PERMITTED SUBSCRIPTION OF CASH TO AN ACCOUNT OTHER THAN A JUNIOR ISA ON CLOSURE OF HELP TO BUY ISA (reg. 5DDC)
- ADDITIONAL PERMITTED SUBSCRIPTION TO A JUNIOR ISA ACCOUNT (reg. 5DE)
- INFORMATION REQUIRED BY REGULATION 5D (reg. 5DF)
- DECLARATIONS REQUIRED BY REGULATION 5D (reg. 5DFA)
- NOTICES REQUIRED BY REGULATION 5D (reg. 5DFB)
- SINGLE REGULATION 5D SUBSCRIPTION (reg. 5DG)
- DEFAULT EVENT OR DEFAULT INVESTMENT PAYMENT OCCURRING IN THE PERIOD BEGINNING ON 6TH APRIL 2011 AND ENDING ON 7TH AUGUST 2012 (reg. 5DH)
- SPECIAL PROVISION IN RESPECT OF LEHMAN BROTHERS INVESTMENTS AND KEYDATA INVESTMENTS (reg. 5DI)
- SPECIAL APPLICATION OF REGULATIONS 5DB, 5DD, 5DF AND 5DH IN RESPECT OF A LEHMAN BROTHERS INVESTMENT (reg. 5DJ)
- DEEMED DEFAULTED INVESTMENT PAYMENT IN RESPECT OF A LEHMAN BROTHERS INVESTMENT (reg. 5DK)
- SPECIFIED AMOUNT FOR THE PURPOSES OF A DEFAULTED INVESTMENT SUBSCRIPTION IN RESPECT OF A LEHMAN BROTHERS INVESTMENT (reg. 5DL)
- SPECIAL APPLICATION OF REGULATIONS 5DJ TO 5DL IN RESPECT OF A KEYDATA INVESTMENT (reg. 5DM)
- SUBSCRIPTIONS MADE BY ACCOUNT INVESTORS ISSUED WITH CERTIFICATES BY ROYAL BANK OF SCOTLAND GROUP DISREGARDED FOR THE PURPOSES OF REGULATIONS 4ZA AND 31(3)(C)(II) (reg. 5E)
- GENERAL INVESTMENT RULES (reg. 6)
- QUALIFYING INVESTMENTS FOR A STOCKS AND SHARES COMPONENT (reg. 7)
- QUALIFYING INVESTMENTS FOR A CASH COMPONENT (reg. 8)
- QUALIFYING INVESTMENTS FOR A LIFETIME ISA COMPONENT (reg. 8ZA)
- QUALIFYING INVESTMENTS FOR AN INNOVATIVE FINANCE COMPONENT (reg. 8A)
- INSURANCE POLICIES (reg. 9)
- QUALIFYING INDIVIDUALS WHO MAY INVEST UNDER AN ACCOUNT THAT IS NOT A JUNIOR ISA ACCOUNT NOR A LIFETIME ISA (reg. 10)
- LIFETIME ISA QUALIFYING INDIVIDUALS WHO MAY INVEST UNDER A LIFETIME ISA (reg. 10A)
- ACCOUNT INVESTOR CEASING TO QUALIFY (reg. 11)
- CONDITIONS FOR APPLICATION TO OPEN AN ACCOUNT THAT IS NOT A JUNIOR ISA ACCOUNT OR A LIFETIME ISA (reg. 12)
- CONDITIONS FOR APPLICATION TO OPEN AN ACCOUNT THAT IS A JUNIOR ISA ACCOUNT (reg. 12A)
- CONDITIONS FOR APPLICATION TO OPEN AN ACCOUNT THAT IS A LIFETIME ISA (reg. 12B)
- APPLICATION BY CURATOR BONIS (reg. 13)
- ACCOUNT MANAGER – QUALIFICATIONS AND BOARD’S APPROVAL (reg. 14)
- SPECIAL REQUIREMENTS RELATING TO INSURER-MANAGERS (reg. 15)
- ACCOUNT MANAGER – APPOINTMENT OF TAX REPRESENTATIVE (reg. 16)
- ACCOUNT MANAGER – WITHDRAWAL BY BOARD OF APPROVAL (reg. 17)
- ACCOUNT MANAGER – APPEAL AGAINST WITHDRAWAL OF BOARD’S APPROVAL (reg. 18)
- ACCOUNT MANAGER'S INTENTION TO MAKE A BULK TRANSFER OF ACCOUNTS OR TO CEASE TO ACT AS AN ACCOUNT MANAGER (reg. 19)
- ACCOUNT MANAGER CEASING TO QUALIFY (reg. 20)
- TRANSFERS RELATING TO ACCOUNTS OTHER THAN JUNIOR ISA ACCOUNTS (reg. 21)
- FURTHER REQUIREMENTS RELATING TO TRANSFERS BETWEEN CASH ACCOUNTS (reg. 21A)
- TRANSFERS RELATING TO JUNIOR ISA ACCOUNTS (reg. 21B)
- REPAIR OF INVALID JUNIOR ISA ACCOUNTS (reg. 21C)
- EXEMPTION FROM TAX OF ACCOUNT INCOME AND GAINS (reg. 22)
- INTEREST ON CASH DEPOSITS HELD UNDER A STOCKS AND SHARES COMPONENT OF AN ACCOUNT THAT IS NOT A JUNIOR ISA ACCOUNT (reg. 23)
- TAX LIABILITIES AND RELIEFS – ACCOUNT MANAGER TO ACT ON BEHALF OF ACCOUNT INVESTOR (reg. 24)
- REPAYMENTS IN RESPECT OF TAX TO ACCOUNT MANAGER – INTERIM CLAIMS (reg. 25)
- REPAYMENTS IN RESPECT OF TAX TO ACCOUNT MANAGER – ANNUAL RETURNS AND ANNUAL CLAIMS (reg. 26)
- ACCOUNT MANAGER’S RETURNS AND CLAIMS – SUPPLEMENTARY PROVISIONS (reg. 27)
- ASSESSMENTS FOR WITHDRAWING RELIEF AND RECOVERING TAX (reg. 28)
- RECORDS TO BE KEPT BY ACCOUNT MANAGER (reg. 29)
- INFORMATION TO BE GIVEN TO ACCOUNT INVESTOR BY ACCOUNT MANAGER IN RELATION TO AN ACCOUNT THAT IS NOT A JUNIOR ISA ACCOUNT (reg. 30)
- RETURNS OF INFORMATION BY ACCOUNT MANAGER (reg. 31)
- INFORMATION TO BE PROVIDED TO THE BOARD (reg. 32)
- INSPECTION OF RECORDS BY OFFICER OF THE BOARD (reg. 33)
- CAPITAL GAINS TAX – ADAPTATION OF ENACTMENTS (reg. 34)
- CAPITAL GAINS TAX–ADMINISTRATION-PERIOD INVESTMENT (reg. 34A)
- ADMINISTRATION OF TAX IN RELATION TO ACCOUNTS – SUPPLEMENTARY (reg. 35)
- APPLICATION OF THE PROVISIONS OF CHAPTER II OF PART XIII OF THE TAXES ACT AND OF CHAPTER 9 OF PART 4 OF ITTOIA 2005 TO POLICIES WHERE AN INVESTOR CEASES TO BE OR WAS NOT ENTITLED TO RELIEF FROM TAX (reg. 36)
- SCHEDULE – LIFETIME ISA FURTHER PROVISION