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The Child Trust Funds (Amendment) Regulations 2020
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- UK Statutory Instruments
- 2020 No. 29
- Regulation 3
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Amendment of the Child Trust Funds Regulations 2004
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3. In regulation 2(1) (interpretation)—
(a)in sub-paragraph (b), insert at the appropriate place—
““matured CTF account” has the meaning given by regulation 13B(2)(a)(1);”.
(b)in sub-paragraph (c), for the definition of “recognised UCITS”(2) substitute—
““recognised UCITS” means—
(a)
a UCITS within the meaning given by section 236A(3) of the Financial Services and Markets Act 2000 which is a recognised scheme for the purposes of Part 17 of that Act; or
(b)
an undertaking established in Gibraltar which is a UCITS under the law of Gibraltar which implemented Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities;”.
(1)
Regulation 13B is inserted by these regulations.
(2)
The definition of “recognised UCITS” was inserted by S.I. 2010/582 and is substituted by S.I. 2019/713 which is not yet in force.
(3)
2000 c.8. Section 236A was inserted by S.I. 2019/325.
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