Related Commentary  

21A(1)  This regulation applies where an account investor, through the agency of an account manager (“the transferee”), gives instructions (“transfer instructions”) to an account manager with whom the account investor holds a cash account (“the transferor”) for that account or part of that account to be transferred, subject to and in accordance with regulations 21 or 21B, to a cash account held by the account investor with the transferee.

21A(2)  Where this regulation applies–

(a)the transferee shall, within 5 business days beginning on the instruction day, send to the transferor–

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.