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Clause 5 - Drawdown requirements for SaRA schemes

Part of Rights of Savers Bill – in a Public Bill Committee at 3:15 pm on 14th December 2005.

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Amendments made: No. 23, in page 6, line 15, after ‘of’, insert ‘accredited’.

No. 25, in page 6, line 28, at end insert—

“‘grandchild” means—

(a)a grandson or granddaughter of the account investor, or

(b)a person in respect of whom the account investor’s child had parental responsibility when that person reached the age of 16;’.—[John Penrose.]