The Child Trust Funds (Amendment No. 3) Regulations 2011
| Jurisdiction | UK Non-devolved |
| Citation | SI 2011/2447 |
| Year | 2011 |
2011 No. 2447
Child Trust Funds
The Child Trust Funds (Amendment No. 3) Regulations 2011
Made 10th October 2011
Laid before Parliament 10th October 2011
Coming into force 1st November 2011
The Treasury make the following Regulations, in exercise of the powers conferred by sections 5(1) and (4), 12(2), 16, and 28(1) to (3) of the Child Trust Funds Act 20041:
Citation, commencement and effect
1.—(1) These Regulations may be cited as the Child Trust Funds (Amendment No. 3) Regulations 2011 and shall come into force on 1 November 2011.
(2) Regulations 3 and 4 shall only have effect in relation to vouchers issued on or after 1 January 2012.
Amendments to the Child Trust Funds Regulations 2004
2. The Child Trust Funds Regulations 20042are amended as follows.
Vouchers
3. In regulation 3 —
(a) in paragraph (1)(d) for “expiry date” substitute “short expiry date”;
(b) after paragraph (3) insert—
“4 But for references in these Regulations to the short expiry date of the voucher paragraph (3) applies with “60 days” instead of “12 months”.”.
Opening of account by responsible person of the child
4. In regulation 5, in each place where it occurs in Condition 1 in paragraph (1) and in paragraph (1A), for “expiry date” substitute “short expiry date”.
Annual limit on subscriptions
5. In regulation 9, in each place in which it occurs, for “£1,200” substitute “£3,600”.
The Official Solicitor or Accountant of Court to be the person who has the authority to manage an account
6. After paragraph (2A) in regulation 33A insert—
“2B The unique identifier of a local authority as referred to in paragraph (2A)(a) is the number allocated to the local authority by the Board for the purpose of these Regulations.”.
Michael Fabricant
Angela Watkinson
Two of the Lords Commissioners of Her Majesty’s Treasury
10th October 2011
EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations amend the Child Trust Funds Regulations 2004 ( S.I. 2004/1450) (“the CTF Regulations”). They come into force on 1 November 2011.
Section 5 of the Child Trust Fund Act 2004 (c.6)(“the Act”) provides that Her...
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