Related Commentary  

8(1)  This regulation specifies the kind of investments (“qualifying investments for a cash component”) which may be purchased, made or held under a cash component.

8(2)  Qualifying investments for a cash component to which paragraph (1) refers are, subject to paragraph (3)–

(a)cash deposited in a deposit account with–

(i)a building society,

(ii)a credit union,

(iii)a bank, other than of a type at paragraph (a), (d) or (e) of section 991(2) of the ITA 2007,

(iv)[omitted by SI 2014/654, reg. 9(b);]

(b)cash deposited in a share account with a building society;

(c)[omitted by SI 2008/704, reg. 7(2);]

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