2014 No. 1453
The Child Trust Funds (Amendment No. 2) Regulations 2014
Made
Laid before Parliament
Coming into force
The Treasury, in exercise of the powers conferred by sections 3(3) and (5), 5(4), 7, 12(2), 13, 15 and 28(1) and (3) of the Child Trust Funds Act 20041, make the following Regulations:
Citation and commencement1
These Regulations may be cited as the Child Trust Funds (Amendment No. 2) Regulations 2014 and come into force on 1st July 2014.
Amendment of the Child Trust Funds Regulations 2004
2
The Child Trust Funds Regulations 20042 are amended as follows.
3
In regulations 9(2) and 9(3) (annual limit on subscriptions), for “£3,840” substitute “£4,000”.
4
In regulation 12(2)—
a
in sub-paragraph (q), at the end, for “.” substitute “;”; and
b
after sub-paragraph (q), insert—
r
core capital deferred shares within the meaning of regulation 2 of the Building Societies (Core Capital Deferred Shares) Regulations 20133, provided that such shares are listed on the official list of a recognised stock exchange.
(This note is not part of the Regulations)