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Rule 14 InvestmentI1

England and Wales

(1)

Except where rule 15 applies, the Accountant General may only invest or reinvest a fund in court F1in sterling in:

(a)

a basic account;

(b)

a special account; or

(c)

a common investment fund.

(2)

Except where rule 15 applies, the Accountant General may only invest money in a common investment fund if it:

(a)

amounts to £10,000 or more; and

(b)

is held on behalf of:

(i)

a child who, on the date on which the investment policy is approved by a court, has 5 years or more until their 18th birthday; or

(ii)

a person who lacks capacity who a court, deputy or investment manager has reason to believe will require the investment to be held for 5 years or more.

Annotations

Textual amendments

F1

Words in rule 14(1) inserted (19.1.2026) by The Court Funds (Amendment) Rules 2025 (S.I. 2025/1275), rules 1(1), 5

Commencement

I1

Rule 14 in force at 3.10.2011, see rule 1(1)