12A(1) An application (“junior ISA application”) to open a junior ISA account with an account manager may only be made if the account will be held by an eligible child immediately following the opening of the account or by the holder of a junior ISA account arising from a transfer provided for by regulation 20A of the Child Trust Funds Regulations 2004, or if the application is preliminary to such a transfer.
12A(2) A child may hold–
(a)only one account set up as a cash account; and
(b)only one account set up as a stocks and shares account.
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