§ Sue DoughtyTo ask the Chancellor of the Exchequer if he will amend the regulatory requirements on transfer of mini cash ISAs between account providers to speed up transfer time; and if he will make a statement. [156402]
§ Ruth KellyThe ISA regulations state that a transfer of an ISA between account providers must take place within the time stipulated by the investor. However, providers are given a reasonable business period (not exceeding 30 days) to allow for the practical implications of making the transfer.