There are general rules which apply to all types of ISAs:
•permitted investments (other than innovative finance investments) must be purchased at a price which might reasonably be expected to be paid in the open market. In the case of an investment in an authorised unit trust, the price is to be that complying with the Collective Investment schemes sourcebook;
•all other transactions (other than innovative finance investments), e.g. sales, are also to be made at a price which might reasonably be expected to be received in the open market;
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