Clause 22

by deleting the definition of “Edusave account” in section 2(1);

by inserting, immediately after the definition of “personal representative” in section 2(1), the following definition:“ “PSE account” has the same meaning as in the Education Endowment and Savings Schemes Act (Cap. 87A);”;

by deleting the words “Edusave account” in section 3(2)(i) and substituting the words “PSE account”; and

by deleting the words “For the avoidance of doubt,” in section 5 and substituting the words “Subject to the Education Endowment and Savings Schemes Act (Cap. 87A) and any regulations made under section 3 (in so far as they provide for the withdrawal, transfer or utilisation of any moneys paid into a member’s bank account),”.