Part 6Exempt income
Chapter 4SAYE interest
705Certification of arrangements
1
A linked savings arrangement is certified under this section if it is certified by the Treasury—
a
as a linked savings arrangement, and
b
in the case of an institutional arrangement, as meeting such requirements as the Treasury may specify for the purposes of this Chapter.
2
The requirements which may be specified under subsection (1)(b) are such requirements as the Treasury consider appropriate.
3
They may, in particular, relate to—
a
the descriptions of individuals who may enter into contracts under an arrangement,
b
the contributions to be paid by them, and
c
the sums to be paid or repaid to them.
4
Different requirements may be specified for—
a
bank arrangements,
b
building society arrangements, and
c
European authorised institution arrangements.