The Individual Savings Account (Amendment No. 2) Regulations 2001

• Citation: S.I. 2001/3778
• Sections: 3

Section 1 Citation and commencement

These Regulations may be cited as the Individual Savings Account (Amendment No. 2) Regulations 2001 and shall come into force on 19th December 2001.

Section 2 Interpretation

In these Regulations “the principal Regulations ” means the Individual Savings Account Regulations 1998 and “regulation” means a regulation of the principal Regulations.

Section 3 Amendment of the principal Regulations

(1) Amend the principal Regulations as follows.

(2) In regulation 7(2) after sub-paragraph (j) add—

(k) investments which—

(i) were held under a stocks and shares component on 28th November 2001,

(ii) on that date were admitted to trading on a recognised stock exchange in an EEA State and were not listed by a competent authority in an EEA State for the purposes of Council Directive 2001/34 ,

(iii) since that date have not ceased to be so admitted and have not become so listed,

(iv) do not fall within any of the other sub-paragraphs of this paragraph, and

(v) are not investments which, having fallen within any of those sub-paragraphs, have ceased so to fall on or after that date.