Related Commentary  

12(1)  An application by an individual to open an account in the year in which he first subscribes to that account, and in the year following a year in which that individual has not subscribed to the account, must be made to an account manager in a statement and must fulfil the conditions specified in paragraphs (2), (3) and (4).

12(2)  An application must specify the first year to which the application relates.

12(3)  An application must contain a declaration by the applicant that–

(a)his application is to open a stocks and shares account, cash account or innovative finance account, as the case may be;

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.