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(1)Regulations may make provision about closing childcare accounts.
(2)The provision that may be made by regulations under this section includes, in particular—
(a)provision requiring a childcare account to be closed in specified circumstances or if specified conditions are met;
(b)provision about what is to happen to any funds held in a childcare account when it is closed;
(c)provision for the repayment to HMRC of a proportion of any such funds, calculated in accordance with the regulations.
(3)In subsection (2) “specified” means specified in the regulations.
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