Opening and transfers
F17ATransfers to other accounts for children
(1)
Regulations may make provision requiring an account provider, at the request of a person who has the authority to manage a child trust fund, to—
(a)
transfer all the investments under the fund, or an amount representing their value in cash, to a protected child account that is provided by a person chosen by the person making the request, and
(b)
when all the investments have been transferred, close the child trust fund.
(2)
An account is a protected child account if—
(a)
there is relief from income tax and capital gains tax in respect of investments under it,
(b)
it may be held only by a child, and
(c)
it satisfies any other conditions prescribed in regulations under this section.