Amendments to the Child Trust Funds Regulations 20046

In the Schedule to the Regulations—

a

after paragraph 2(2)(ba) insert—

baa

when the Bank of England base rate increases, the interest rate on investments referred to in regulation 12(2)(k) and (l) (cash deposited in a deposit account or in a share account) must be raised within one month of the date of that increase ;

b

in paragraph 2(2)(bb)(i) for “or (d)” substitute “, (d) or (e)”;

c

in paragraph 2(2)(bb)(ii) omit “, (e)”.