Statutory Instruments
2006 No. 199
CHILD TRUST FUNDS
The Child Trust Funds (Amendment) Regulations 2006
Made
31st January 2006
Laid before Parliament
31st January 2006
Coming into force
7th February 2006
The Treasury, in exercise of the powers conferred upon them by sections 3, 5(1), (4) and (5), 8(1) and 28(1) to (4) of the Child Trust Funds Act 2004( 1 ), make the following Regulations:
Citation and commencement
1. These Regulations may be cited as the Child Trust Funds (Amendment) Regulations 2006 and shall come into force on 7th February 2006.
Amendment of the Child Trust Funds Regulations 2004
2.The Child Trust Funds Regulations 2004( 2 ) are amended as follows.
3. In regulation 3(3) omit “(when the voucher shall cease to be valid)”.
4. In regulation 5—
(a) in paragraph (1)—
(i) for “paragraph (2)” substitute “paragraphs (1A) and (2)”;
(ii) in Condition 1 add at the end “not later than 7 days after its expiry date”;
(b) after paragraph (1) insert—
“ (1A) The application to open the account must be made, and Condition 2 satisfied, not later than the expiry date of the voucher. ”
5. In regulation 30(5)(a) omit “(by means of a voucher)”.
Dave Watts
Tom Watson
Two of the Lords Commissioners of Her Majesty’s Treasury
31st January 2006
S.I. 2004/1450 ; there are no relevant amendments.