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)”.