Individual Savings Accounts and Multilateral Institutions
An extension has been announced to the ISA regulations to enable investors to hold bonds issued by Multilateral Institutions within a stocks and shares ISA.
Multilateral Institutions are institutions that provide financial support and professional advice for economic and social development activities in developing countries, as defined by the OECD.
The new extension will have effect from 16 December 2008.
Our view
The extension to the type of investments that may be made under an ISA
plan is a welcome change which provides investors with greater choice.