Regulation 2E Contracts entered into by or on behalf of a child who is 16 or overF1
Where, by virtue of the opening of an account pursuant to a junior ISA application described in regulation 12A, a contract is entered into by a child who is—
(a)
aged 16 or over; and
(b)
the child who—
(i)
holds the account, or
(ii)
has parental responsibility in relation to the child who holds the account,
the contract has effect as if the child who opened the account had been 18 or over when the contract was entered into.
Annotations
Textual amendments
- F1
Regs. 2A-2E inserted (1.11.2011) by The Individual Savings Account (Amendment No. 2) Regulations 2011 (S.I. 2011/1780), regs. 1, 6