The Individual Savings Account (Amendment) Regulations 2024
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Change 1
14 Amendment of regulation 5DDA
In regulation 5DDA (additional permitted subscription to an account other than a junior ISA account)— (a) in paragraph (2)(e)(v) for “in the case of an innovative finance account” substitute “in the case of non-cash assets comprised or included in an innovative finance account, other than those specified in regulation 8A(2)(cb)”; (b) for paragraph (3A) substitute— (3A) For the purposes of paragraph (3), the value of any qualifying investments for an innovative finance component, other than those specified in regulation 8A(2)(cb) and (d), is the outstanding principal balance under those investments in respect of which payments are due to be made to the account manager. ; (c) in paragraph (11)(b)(iv) after “8A(2)(ca)” insert “or (cb)”.
14 Amendment of regulation 5DDA
In regulation 5DDA (additional permitted subscription to an account other than a junior ISA account)— (a) in paragraph (2)(e)(v) for “in the case of an innovative finance account” substitute “in the case of non-cash assets comprised or included in an innovative finance account, other than those specified in regulation 8A(2)(cb)”; (b) for paragraph (3A) substitute— (3A) For the purposes of paragraph (3), the value of any qualifying investments for an innovative finance component, other than those specified in regulation 8A(2)(cb) and (d), is the outstanding principal balance under those investments in respect of which payments are due to be made to the account manager. ; (c) in paragraph (11)(b)(iv) after “8A(2)(ca)” insert “or (cb)”.
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