# The Court Funds Rules 2011, Rule 17: Authority to direct investment

Extent: E+W

(1) Subject to paragraph (2), the Accountant General shall invest or reinvest a fund in court in accordance with a written request (or, if the case is one where the Accountant General has directed that electronic means may be used, an electronic request) from a court.
(2) The Accountant General shall invest or reinvest a fund in court that is subject to an order of the Court of Protection in accordance with written directions (or, if the case is one where the Accountant General has directed that electronic means may be used, an electronic version of such directions) from:
(a) the Court of Protection;
(b) a deputy; or
(c) an investment manager.
(3) If a deputy appoints an investment manager, the deputy must send in writing (which includes, if the case is one where the Accountant General has directed that electronic means may be used, an electronic version) to the Accountant General:
(a) authority for the investment manager to give directions for the investment of a fund in court; and
(b) contact details of the investment manager.
(4) The Accountant General may not comply with a direction given under paragraph (2)(b) if:
(a) the deputy gave the direction without authority to do so;
(b) the Court of Protection has made a contrary direction; or
(c) there is any other good reason for not complying.
(5) The Accountant General may not comply with a direction given under paragraph (2)(c) if:
(a) a deputy appointed the investment manager without authority to do so;
(b) the deputy has not complied with paragraph (3);
(c) the investment manager gave the direction without authority to do so;
(d) the Court of Protection has made a contrary direction; or
(e) there is any other good reason for not complying.

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Source: https://www.legislation.gov.uk/uksi/2011/1734/rule/17 (the official version)
Page: https://openlegislation.uk/court-funds-rules-2011/rule-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.