The Child Trust Funds (Amendment No. 2) Regulations 2005
Credit unions
King's Printer of Acts of Parliament
2013-07-12
CHILD TRUST FUNDS
These Regulations amend the Child Trust Funds Regulations 2004 (S.I. 2004/1450). The principal effect of the amendments is to allow Credit Unions to act as a provider of child trust funds provided they are authorised persons under the Financial Services and Markets Act 2000. There is a small supplementary reduction in the information requirements placed on CTF providers.
Amendments to the Child Trust Funds Regulations 20043
In regulation 2(1)(b)3 insert the following definition at the appropriate place—
“credit union” means a society registered as a credit union under the Industrial and Provident Societies Act 19654 or the Credit Unions (Northern Ireland) Order 19855;