Amendments to the Child Trust Funds Regulations 2004
This section has no associated Explanatory Memorandum
3.—(1) After paragraph (2) of regulation 16 insert—
“(2A) Where paragraph (2B) applies, a term of an undertaking given in accordance with regulation 14(2)(b) shall not be taken as not satisfied only by reason that the person to whom the Board’s approval as an account provider has been given does not accept vouchers.
(2B) This paragraph applies where—
(a)a person does not accept any voucher after a day specified by that person; and
(b)no less than 30 days before the specified day, notice in writing is given to the Board of the person’s intention not to accept vouchers after that day.”.