The Data-gathering (Ongoing Data: Interest and Payment Card Transactions) Regulations 2026
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Schedule 3 Exclusions from ongoing data: relevant financial institution
Regulation 10 1 Interest paid or credited in relation to— (a) an account held on behalf of another financial institution; (b) an account within the meaning of regulation 4(1) of the Individual Savings Account Regulations 1998 (general conditions for accounts and subscriptions to accounts), including a junior ISA account within the meaning of regulation 2B of those Regulations (meaning of junior ISA account); (c) a certificate of deposit within the meaning of section 1019 of the Income Tax Act 2007 (meaning of certificate of deposit); (d) a certificate within the meaning of regulation 2 of the National Savings (No. 2) Regulations 2015 (interpretation); (e) an investment or deposit held by a branch of the relevant financial institution situated in a territory other than the United Kingdom; (f) an investment under a plan provided for by investment plan regulations; (g) a relevant dormant account— (i) prior to a repayment claim in relation to the account being settled, or (ii) which, when it first became a relevant dormant account, was a plan provided for by investment plan regulations; (h) a child trust fund within the meaning of section 1(2) of the Child Trust Funds Act 2004 (child trust funds); (i) a Schedule 3 SAYE option scheme within the meaning of paragraph 1(A1) of Schedule 3 to the Income Tax (Earnings and Pensions) Act 2003 (introduction to Schedule 3 SAYE option schemes); (j) a syndicated loan accepted into the Provisional Treaty Relief Scheme, as amended from time to time. 2 Profits on a disposal of a deeply discounted security within the meaning of Chapter 8 of Part 4 of the Income Tax (Trading and Other Income) Act 2005 (profits from deeply discounted securities). 3 A dividend paid by an offshore fund, within the meaning of section 378A(7) of the Income Tax (Trading and Other Income) Act 2005 (offshore fund distributions), other than one treated as income for income tax purposes under section 378A(2) of that Act. 4 A manufactured payment within the meaning of section 614ZB(6) of the Income Tax Act 2007 (key definitions). 5 Interest distributions within the meaning of regulation 5(2) of the Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009 (treatment of dividends as interest distributions). 6 Interest paid or credited to, or in relation to, a registered pension scheme within the meaning of section 150(2) of the Finance Act 2004. 7 Interest paid or credited in circumstances where the recipient of the interest, or, if different, the beneficiary, is— (a) a person not resident in the United Kingdom for the purposes of income tax or corporation tax; (b) in relation to interest other than quarterly reporting interest, a person other than an individual.
Schedule 3 Exclusions from ongoing data: relevant financial institution
Regulation 10 1 Interest paid or credited in relation to— (a) an account held on behalf of another financial institution; (b) an account within the meaning of regulation 4(1) of the Individual Savings Account Regulations 1998 (general conditions for accounts and subscriptions to accounts), including a junior ISA account within the meaning of regulation 2B of those Regulations (meaning of junior ISA account); (c) a certificate of deposit within the meaning of section 1019 of the Income Tax Act 2007 (meaning of certificate of deposit); (d) a certificate within the meaning of regulation 2 of the National Savings (No. 2) Regulations 2015 (interpretation); (e) an investment or deposit held by a branch of the relevant financial institution situated in a territory other than the United Kingdom; (f) an investment under a plan provided for by investment plan regulations; (g) a relevant dormant account— (i) prior to a repayment claim in relation to the account being settled, or (ii) which, when it first became a relevant dormant account, was a plan provided for by investment plan regulations; (h) a child trust fund within the meaning of section 1(2) of the Child Trust Funds Act 2004 (child trust funds); (i) a Schedule 3 SAYE option scheme within the meaning of paragraph 1(A1) of Schedule 3 to the Income Tax (Earnings and Pensions) Act 2003 (introduction to Schedule 3 SAYE option schemes); (j) a syndicated loan accepted into the Provisional Treaty Relief Scheme, as amended from time to time. 2 Profits on a disposal of a deeply discounted security within the meaning of Chapter 8 of Part 4 of the Income Tax (Trading and Other Income) Act 2005 (profits from deeply discounted securities). 3 A dividend paid by an offshore fund, within the meaning of section 378A(7) of the Income Tax (Trading and Other Income) Act 2005 (offshore fund distributions), other than one treated as income for income tax purposes under section 378A(2) of that Act. 4 A manufactured payment within the meaning of section 614ZB(6) of the Income Tax Act 2007 (key definitions). 5 Interest distributions within the meaning of regulation 5(2) of the Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009 (treatment of dividends as interest distributions). 6 Interest paid or credited to, or in relation to, a registered pension scheme within the meaning of section 150(2) of the Finance Act 2004. 7 Interest paid or credited in circumstances where the recipient of the interest, or, if different, the beneficiary, is— (a) a person not resident in the United Kingdom for the purposes of income tax or corporation tax; (b) in relation to interest other than quarterly reporting interest, a person other than an individual.
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