In order to be approved as an ISA manager, a person must satisfy a number of ‘qualifying circumstances’:

(1)an application in writing must be made to HMRC Savings Schemes Office using the application form obtainable from;

(2)if the applicant intends to offer junior ISAs, he must undertake to publicise the minimum amount which may be subscribed on a single occasion and the means by which subscriptions may be made. It must also be made clear to potential subscribers that a subscription to a junior ISA is a gift to the child concerned;

(3)the applicant must be:

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