The Individual Savings Account (Amendment) Regulations 2018

• Citation: S.I. 2018/359
• Sections: 6

Section 1 Citation and commencement

These Regulations may be cited as the Individual Savings Account (Amendment) Regulations 2018 and come into force on 6th April 2018.

Section 2 Amendment of the Individual Savings Account Regulations 1998

The Individual Savings Account Regulations 1998 are amended as follows.

Section 3 Amendment of the Individual Savings Account Regulations 1998

In regulation 2G(6) (continuing account of a deceased investor and administration-period investments)—

(a) insert at the end of sub-paragraph (b) “and”; and

(b) omit from “, and” in sub-paragraph (c) to the end of the regulation.

Section 4 Amendment of the Individual Savings Account Regulations 1998

In regulation 4ZB(1) (subscriptions to a junior ISA account) for “£4,128” substitute “£4,260”.

Section 5 Amendment of the Individual Savings Account Regulations 1998

In regulation 31 (returns of information by account manager) —

(a) in paragraph (1B) for “14” substitute “60”; and

(b) after paragraph (1B) insert—

(1C) The Board may authorise an extension of any period of time provided for under this regulation.

Section 6 Amendment of the Individual Savings Account Regulations 1998

In the Schedule —

(a) in paragraph 14(1) (payment to the Board of withdrawal charges) for “14” substitute “28”; and

(b) in paragraph 15 (payments and interest) insert after sub-paragraph (3)—

(4) Payments are to be made to the Board in the manner specified by it from time to time.