Amendments to the Child Trust Funds Regulations 2004
This section has no associated Explanatory Memorandum
4. In regulation 11(1) (general investment rules)—
(a)in sub-paragraph (a)—
(i)for “manager’s price for the sale of the relevant class of units” substitute “maximum sale price of a unit of the relevant class at the relevant valuation point”;
(ii)for “rule 15.4.4” substitute “rules 6.3.5 and 6.3.5B”;
(b)in sub-paragraph (b)—
(i)for “or share” substitute “of the relevant class at the relevant valuation point”;
(ii)for “rule 4.3.11” substitute “rules 6.3.5 and 6.3.5A”.