The Child Trust Funds (Amendment No. 2) Regulations 2011
| Jurisdiction | UK Non-devolved |
| Citation | SI 2011/992 |
| Year | 2011 |
2011 No. 992
Child Trust Funds
The Child Trust Funds (Amendment No. 2) Regulations 2011
Made 29th March 2011
Laid before Parliament 30th March 2011
Coming into force 20th April 2011
The Treasury make the following Regulations in exercise of the powers conferred by sections 3(5) and 28(1) to (3) 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 2011 and shall come into force on 20th April 2011.
Amendments to the Child Trust Funds Regulations 2004
2.—(1) Regulation 10 (statements for an account) of the Child Trust Funds Regulations 20042is amended as follows.
(2) For paragraphs (1) and (2) substitute—
“1 The account provider must produce a statement for the account—
(a) subject to paragraphs (6) and (7), annually (“an annual statement”), and
(b) where an account is transferred to another account provider under regulation 21, as at the transfer date (“a transfer statement”).
2 References in paragraphs (2A)(b), (3), (4), (5), (6) and (8) to a statement (without more) shall be construed as references to any statement required to be produced in accordance with this regulation.
2A The account provider must produce an annual statement at a date (a “relevant date”) not later than 12 months from the latest of—
(a) the date of the opening of the account;
(b) the date at which the most recent statement was produced; and
(c) the last date at which, but for paragraph (6), a previous annual statement would have had to have been produced.”.
(3) In paragraph (3)—
(a)
(a) at the beginning, for “The statement” substitute “A statement required to be produced in accordance with this regulation”;
(b)
(b) at the end, for “statement date” substitute “date specified in paragraph (3A)”.
(4) After paragraph (3), insert—
“3A The date specified in this paragraph is—
(a) in relation to an annual statement, the relevant date;
(b) in relation to a transfer statement, the transfer date; or
(c) where paragraph (7) applies, the later of the relevant date in relation to the annual statement requested and the date that the request is received by the account provider.”.
(5) In sub-paragraphs (4)(g), (4)(i)(ii), (4)(l) and (4)(m) for “statement date” substitute “relevant date”.
(6) For paragraph (4)(h) substitute—
“(h)
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