EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations, which come into force on 7th April 2011, amend the Child Trust Funds Regulations 2004 (S.I. 2004/1450) (“the CTF Regulations”).
Regulation 3 omits regulation 33 of the CTF Regulations and regulation 4 amends regulation 33A of the CTF Regulations so as to substitute the requirement for a local authority to make monthly returns (including “nil” returns) to Her Majesty’s Revenue and Customs in respect of children looked after by it who meet the criteria contained in the CTF Regulations with a requirement for it only to make a return where, in the course of the month covered by the return, a child who was born after 31st August 2002 and before 3rd January 2011, is under the age of 16 and is looked after by the local authority, first meets one of the six conditions contained in regulation 33A(2) of the CTF Regulations.
An Impact Assessment has not been produced for this instrument as it has a negligible impact on business, charities or voluntary bodies.