Amendments to the Child Trust Funds Regulations 2004
5. In regulation 12 (qualifying investments for an account)(1)—
(a)in paragraph (2)(b)—
(i)after paragraph (i) add “and”;
(ii)omit paragraph (iii) and the word “and” which precedes it;
(b)in paragraph (2)(f) omit the words from “, in circumstances” to the end;
(c)omit paragraph (2)(g) and (h);
(d)for paragraph (2)(i) substitute—
“(i)units in, or shares of, a UK UCITS or recognised UCITS;”;
(e)in paragraph (2)(k) for the words from “section 840A(1)(b)” to “institution” substitute “section 991 of ITA 2007 (including for this purpose a credit union)”;
(f)omit paragraph (6);
(g)in paragraph (9)(d)(ii) for “regulation 2(1) of the Personal Portfolio Bonds (Tax) Regulations 1999” substitute “section 516 of ITTOIA 2005”;
(h)for paragraph (12)(b)(i) substitute—
“(i)the end of the final insurance year in relation to the policy, within the meaning given by section 499 of ITTOIA 2005,”.
Regulation 12(2)(k) was amended by S.I. 2005/909.