Article 12 Amendments to the Court Funds Rules 1987

in paragraph (1) for “under rule 31(2)” substitute “in satisfaction of a claim under rule 19(3)”;

for paragraph (2) substitute—

“(2)

Subject to paragraph (4), where money is paid into a District Registry or county court in such circumstances that it is to await the outcome of an order of court, whether it is paid into court as a condition of obtaining relief or otherwise, interest shall start to accrue from the effective date of payment into the District Registry or county court”; and

for paragraph (4) substitute—

“(4)

Where money has been—

(a)

placed to a basic account under rule 31(1); and

(b)

accepted by the claimant within the time limit specified in CPR rule 36.11,

no interest shall be payable after the effective date of lodgment or appropriation, or where there has been more than one lodgment or appropriation, after the latest effective date of lodgment or appropriation.”.