Amendments to the Child Trust Funds Regulations 2004

6.  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)”.