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17.—(1) Subject to paragraph (2), the Accountant General shall invest or reinvest a fund in court in accordance with a written 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 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 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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