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Junior ISA Terms and Conditions

JISA terms and conditions

  • the JISA investments shall be in the beneficial ownership of the child.
  • The provider will satisfy himself that any person to whom he delegates any of his functions or responsibilities under the terms agreed with the registered contact is competent to carry out those functions and responsibilities.
  • On the instructions of the registered contact and within the time stipulated by them, the JISA with all rights and obligations shall be transferred to another provider.
  • On the instructions of the investor and within the time stipulated by the investor, subject to the withdrawal conditions of the account, a JISA with all rights and obligations shall be transferred to another ISA manager within 15 days of the request in accordance with the ISA regulations relating to transfers
  • On receipt of a transfer instruction from the new ISA manager, we will send the funds and information to the new manager within 5 business days of receipt
  • On receipt of a transfer instruction from the investor, we will send it to the old ISA manager, together with confirmation that we will accept the transfer, within 5 business days of the date of receipt. On receipt of the funds from the old ISA manager, we will credit the funds to the account within 3 business days
  • The provider must notify the registered contact if, by reason of any failure to satisfy the provisions of the JISA regulations, a JISA has, or will, become void.