Amendments to the Child Trust Funds Regulations 2004
This section has no associated Explanatory Memorandum
10. In regulation 20 (account provider ceasing to qualify) —
(a)in paragraph (1) for sub-paragraphs (b) to (d) substitute—
“(b)there is an insolvency event in relation to the account provider;
(c)an application has been made for a bank insolvency order or a bank administration order;”;
(b)in paragraph (1)(e) for “section 840A(1)(b) of the Taxes Act or a relevant European institution” substitute “section 991 of ITA 2007(1) or a credit union”;
(c)in paragraph (1)(e)(i) for “section 840A(1)(b) of the Taxes Act or to be a relevant European institution” substitute “section 991 of ITA 2007 or to be a credit union”;
(d)in paragraph (3)(a) after “regulation” insert “16(4) or”.
(1)