The Data-gathering (Ongoing Data: Interest and Payment Card Transactions) Regulations 2026
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Change 1
11 Treatment of interest inaccessible until end of period of time
(1) Paragraph (2) applies to an amount of interest, paid or credited by a relevant financial institution, which may not be accessed by or on behalf of the person beneficially entitled to the amount until the expiry of a period of time (“the inaccessibility period”) following its payment or crediting. (2) For the purposes of these Regulations, the amount is to be treated as paid or credited on the day on which the inaccessibility period expires.
11 Treatment of interest inaccessible until end of period of time
(1) Paragraph (2) applies to an amount of interest, paid or credited by a relevant financial institution, which may not be accessed by or on behalf of the person beneficially entitled to the amount until the expiry of a period of time (“the inaccessibility period”) following its payment or crediting. (2) For the purposes of these Regulations, the amount is to be treated as paid or credited on the day on which the inaccessibility period expires.
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