Common use of ISA Clause in Contracts

ISA. 18.2.1 You own the Units in your ISA. You are not allowed to transfer your rights to the Units to any other person. We will not recognise the interest or claim of any other person unless, by Law, we have to. For example, this means you cannot use any of the Units as security for any borrowing or other money that you owe. If you become incapable of managing your affairs we may allow a person appointed by a Court to manage your affairs to instruct us in relation to your ISA. 18.2.2 Title to the Units will be registered jointly in our name as manager of your ISA and your name in accordance with the Law. It will be made clear that the Units belong to you and not us. Such investments might not be identifiable by separate certificates, other physical documents of title, or otherwise. 18.2.3 You will not be given any certificates for the Units. Certificates or other documents evidencing ownership of the Units (including electronic records) will be held by us.