Amendment of the Individual Savings Account Regulations 1998

4.  In regulation 2C (meaning of “registered contact” etc), paragraph (3)—

(a)substitute from “This paragraph applies” to “section 1(2) of the Mental Health Act 1983(1);” with—

“For the purposes of paragraph (2)(b)(ii) this paragraph applies in relation to the child—

(a)if the child is resident in England and Wales and lacks capacity in relation to the management of the junior ISA account under section 2(1) of the Mental Capacity Act 2005(2);”;

(b)in sub-paragraph (b), substitute for “in relation to a child resident in Scotland,” the words: “if the child is resident in Scotland, the child is suffering mental disorder within the meaning given by”; and

(c)in sub-paragraph (c), substitute for “in relation to a child resident in Northern Ireland,” the words: “if the child is resident in Northern Ireland, the child is suffering mental disorder within the meaning given by”.