http://www.legislation.gov.uk/uksi/2023/269/regulation/7/madeThe Child Trust Funds (Amendment) Regulations 2023enKing's Printer of Acts of Parliament2023-03-07CHILD TRUST FUNDSThese Regulations amend the Child Trust Funds Regulations 2004 (S.I. 2004/1450) (“the principal Regulations”).Amendment of regulation 167.(1)

For regulation 16(3) (account provider – withdrawal by Board of approval)

Regulation 16 was amended by S.I. 2010/582 and S.I. 2010/2599.

, substitute—(3)

The notice to which paragraph (1) refers must specify—

(a)

the disqualifying circumstances;

(b)

that the withdrawal shall only be effective from the date on which the last of the accounts has been transferred to another provider; and

(c)

that from the date of the notice, the account provider must not accept subscriptions or open any new accounts.

.

(2)

After regulation 16(4), insert—(5)

From the date of the notice, the account provider must not accept subscriptions or open new accounts.

.

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<heading>Amendment of regulation 16</heading>
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For regulation 16(3) (account provider – withdrawal by Board of approval)
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Regulation 16 was amended by
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<ref eId="c00016" href="http://www.legislation.gov.uk/id/uksi/2010/2599">S.I. 2010/2599</ref>
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, substitute—
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After regulation 16(4), insert—
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