Regulation 18 “Repair” of invalid accountsI1

Except in the case of a breach of the declaration made under regulation 8(2)(b)(i), (ii) or (iv) (where no repair of an account is possible), it is an overriding requirement to be satisfied in relation to an account that the authorised account provider and account holder, as the case may be, take any steps necessary to remedy any breach of these Regulations.

Where a breach is remedied as mentioned in paragraph (1), the account must, to the extent of that breach, be treated as having been a valid Help-to-Save account at all times.