(1) Where a trader relies on arrangements under this section for the purpose of satisfying section 285, the trader must ensure that all payments made by a consumer under a consumer savings scheme contract are held on trust for the consumer, in the United Kingdom, by one or more persons appointed as trustees for the consumer.
(2) Subject to subsection (3), the monies are to be held on trust for the consumer as required by subsection (1) until -
(a) the funds in the consumer's account have been redeemed, or
(b) any payments made by the consumer in respect of the consumer savings scheme contract have been returned to the consumer.
(3) The trustees may authorise the use of monies held on trust for the consumer as required by subsection (1) -
(a) to pay suppliers for goods, services or digital content to be provided to the consumer in accordance with the terms of the consumer savings scheme contract,
(b) to return payments to the consumer in exceptional circumstances, or
(c) to pay any prof
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