Editing Individual savings account (section)

===Stocks and shares ISA===
Investors' money is invested in 'qualifying investments', which are:<ref name=HMRCGuidanceNotes>{{cite web|url=http://www.hmrc.gov.uk/isa/isa-guidance-notes.pdf|title=ISAs: Guidance Notes for ISA Managers|publisher=[[HM Revenue and Customs]]|access-date=23 October 2011}}</ref>
*cash
*[[Undertakings for Collective Investment in Transferable Securities Directives|UCITS]] authorised funds like [[unit trust]]s and [[open-ended investment company|open-ended investment companies]]
*[[investment trust]]s that satisfy various conditions
*company [[Share capital|shares]] publicly listed on one of the many recognised stock exchanges. Merely being traded is insufficient, it must be a full listing, and this excludes [[PLUS Markets Group|PLUS]]-quoted and PLUS-traded market segments, but PLUS itself is acceptable; shares in unquoted companies; warrants; futures and options. Since 5 August 2013, [[Alternative Investment Market|AIM]] shares are allowed in ISAs.<ref>{{cite news|last=Hyde|first=Dan|title=Investors free to put Aim shares into ISAs from August|url=https://www.telegraph.co.uk/finance/personalfinance/10183460/Investors-free-to-put-Aim-shares-into-Isas-from-August.html|newspaper=Telegraph|date=17 Jul 2013}}</ref>
*public debt securities such as [[government bonds|government]], [[corporate bond]]s, [[debenture]]s and Eurobonds
*from 1 July 2014, some [[core capital deferred share]]s issued by [[building society|building societies]], some types of insurance policy and other investments that were previously deemed too low in risk.

It is mandatory that money held in a stocks and shares ISA be made available on request within 30 days but it is permitted to have a loss-of-interest penalty for this.<ref name=FCAISAClientMoneyFinalRules />