Statutory Instruments
2014 No. 1453
Child Trust Funds
The Child Trust Funds (Amendment No. 2) Regulations 2014
Made
4th June 2014
Laid before Parliament
5th June 2014
Coming into force
1st July 2014
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 2004( 1 ), make the following Regulations:
Citation and commencement
1. 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 2004( 2 ) 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 2013 ( 3 ) , provided that such shares are listed on the official list of a recognised stock exchange. ” .
David Evennett
Anne Milton
Two of the Lords Commissioners of Her Majesty’s Treasury
4th June 2014
2004 c. 6 ; section 15 was amended by S.I. 2009/3054 .
S.I. 2004/1450 ; relevant amending instruments are S.I. 2005/3349 and 2014/649 .