Individual Savings Accounts

(asked on 26th January 2024) - View Source

Question to the HM Treasury:

To ask His Majesty's Government whether any amendment to individual savings account (ISA) regulations is necessary in respect of fractional shares; and if this is the case, what is the timeline to amend ISA regulations in order to enable fractional shares to be included in ISAs.


Answered by
Baroness Vere of Norbiton Portrait
Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
This question was answered on 8th February 2024

At Autumn Statement 2023, the Government announced its intention to permit certain fractional shares contracts as eligible ISA investments and committed to engage with stakeholders on implementation. HMT and HMRC officials have met with industry stakeholders and the FCA to understand how to define qualifying ‘fractional shares contracts’ for the purposes of ISA regulations. This work continues to progress at pace, with an expectation to legislate at the earliest opportunity.

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