Savings (Government Contributions) Act 2017 section 9

Authorised account providers

Section 9 sets out who is permitted to provide Help-to-Save accounts and the rules governing the approval, regulation, and retirement of account providers.

• Help-to-Save accounts can only be offered by an authorised account provider, which means a person approved by HMRC, someone with a formal arrangement with HMRC or the Treasury, or (if the Treasury decides) the Director of Savings.
• The Treasury may make regulations setting out the conditions that must be met before approval is granted, the ongoing obligations of approved providers, and the circumstances in which approval may be withdrawn entirely or for certain types of account.
• A "retiring provider" is one that expects or wishes to stop being an authorised provider, or has already stopped, whether that is a complete or partial withdrawal and regardless of whether it results from a formal withdrawal of approval.
• The Treasury may require a retiring provider to supply specified information both to HMRC (or an officer of Revenue and Customs) and to affected account holders.