Introductory Text1.Citation, commencement and effect2.Amendment of the Individual Savings Account Regulations 19983.In regulation 2(1)(a)— (a) in the definition of “account investment”,.4.In regulation 2(2) omit the definition of “qualifying investments for.5.In regulation 4— (a) in paragraph (1)(a) omit “and an.6.After regulation 4B insert— Removal of insurance components at 6th.7.In regulation 7(2) add at the end—8.In regulation 7(10)(c)(i) omit “, or an insurance component,”.9.In regulation 7(15) for “were first” substitute “became”.10.In regulation 7(16)— (a) in sub-paragraph (a) add at the.11.After regulation 7(16) add— (17) Where a policy of life.12.In regulation 8(2) add at the end—13.In regulation 9— (a) for the heading substitute “Insurance policies”;.14.In regulation 14— (a) in paragraph (2)(b)—15.In regulation 22(1)— (a) in sub-paragraph (a)(v) omit “held” to.16.In both the heading to regulation 23 and paragraph (1).17.In regulation 25(5)— (a) for “qualifying investments for an insurance.18.In regulation 31— (a) in paragraph (4) for “The” substitute.19.In regulation 31(7)(b) omit paragraph (iii) and the word “and”.20.In regulation 35(6)(a) omit “held under an insurance component”.21.In regulation 35(8) omit “held under an insurance component”.22.In both regulation 36(8) and (9)(a) for “basic” substitute “lower”.SignatureExplanatory Note