The Child Trust Funds (Amendment No. 2) Regulations 2017
| Jurisdiction | UK Non-devolved |
| Citation | SI 2017/748 |
| Year | 2017 |
2017 No. 748
Child Trust Funds
The Child Trust Funds (Amendment No. 2) Regulations 2017
Made 13th July 2017
Laid before Parliament 17th July 2017
Coming into force 1st October 2017
The Treasury make these Regulations exercising the powers in sections 3(1), (5), (10) and (11B) and 28(1) and (2) of the Child Trust Funds Act 20041.
Citation and commencement
1. These Regulations may be cited as the Child Trust Funds (Amendment No. 2) Regulations 2017 and come into force on 1st October 2017.
Amendment of the Child Trust Funds Regulations 2004
The Child Trust Funds Regulations 2004 are amended as follows.
2. The Child Trust Funds Regulations 20042are amended as follows.
3. In regulation 10(3) (statements for an account)3for paragraph (c) substitute—
“(c)
“(c) where a person has been appointed by the Treasury or the Secretary of State by virtue of section 3(10) of the Act, to that person on behalf of the child, and”.
4. In regulation 134(conditions for application by responsible person or the child to open an account etc.)—
(a) in paragraph (7) for paragraph (e) substitute—
“(e)
“(e) where a person is appointed by the Treasury or the Secretary of State by virtue of section 3(10) of the Act, or”; and
(b) in paragraph (11) for “the Official Solicitor or the Accountant of Court, he” substitute—
“the person appointed by the Treasury or the Secretary of State by virtue of section 3(10) of the Act, that person.”.
5. In regulation 33A (the Official Solicitor or Accountant of Court to be the person who has the authority to manage an account)5—
(a) in the heading for “The Official Solicitor or Accountant of Court” substitute—
“The person appointed by the Treasury or the Secretary of State by virtue of section 3(10) of the Act”;
(b) for paragraph (1) substitute—
“1 The person appointed by the Treasury or the Secretary of State by virtue of section 3(10) of the Act is to be the person who has the authority to manage a child’s account for the purposes of section 3(6)(b) of the Act where the circumstances specified in paragraph (2) apply.”;
(c) in paragraph (2)—
(i) before sub-paragraph (a) insert—
“(za)
“(za) except in a case of a person who was a looked after child or a looked after and accommodated child on 30th September 2017, there is a continuous period of at least twelve months during which the circumstances under sub-paragraphs (a) and (b) apply,
(zb)
(zb) in a case of a person who was a looked after...
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