Amendment of the Child Trust Funds Regulations 20042

1

The Child Trust Funds Regulations 2004 are amended as follows.

2

In regulation 9(2) and 9(3) (annual limit on subscriptions), for “£3,600” substitute “£3,720”.

3

Omit regulation 30 (fortnightly claim and financial returns).

4

In consequence of paragraph (3) –

a

in regulation 1 (citation and commencement), omit paragraph (f) (and the “and” before it), and

b

in the table in regulation 2(2) (interpretation), omit the entries in relation to “first return period”, “fortnightly period” and “second return period”, and

c

in regulation 14(2) (account provider – qualifications and Board’s approval), omit sub-paragraph (c), and

d

in regulation 21(5) (transfer of accounts to other account providers), in sub-paragraph (b)(iv) for “26, 27 or 30” substitute “26 or 27”.