Statutory Instruments
2010 No. 2599
Child Trust Funds
The Child Trust Funds (Amendment No. 4) Regulations 2010
Made
25th October 2010
Laid before Parliament
26th October 2010
Coming into force
16th November 2010
The Treasury make the following Regulations in exercise of the powers conferred by sections 3(1) and 28(1) to (3) of the Child Trust Funds Act 2004( 1 ):
Citation and commencement
1. These Regulations may be cited as the Child Trust Funds (Amendment No. 4) Regulations 2010 and shall come into force on 16th November 2010.
Amendments to the Child Trust Funds Regulations 2004
2.Regulation 16 of the Child Trust Funds Regulations 2004( 2 ) (account provider – withdrawal by Board of approval) is amended as follows.
3. —(1) After paragraph (2) of regulation 16 insert—
“ (2A) Where paragraph (2B) applies, a term of an undertaking given in accordance with regulation 14(2)(b) shall not be taken as not satisfied only by reason that the person to whom the Board’s approval as an account provider has been given does not accept vouchers.
(2B) This paragraph applies where—
(a) a person does not accept any voucher after a day specified by that person; and
(b) no less than 30 days before the specified day, notice in writing is given to the Board of the person’s intention not to accept vouchers after that day. ” .
Michael Fabricant
Angela Watkinson
Two of the Lords Commissioners of Her Majesty’s Treasury
25th October 2010
2004 c.6 .
S.I. 2004/1450 ; relevant amending instrument is S.I. 2010/582 .