2017 No. 185
The Child Trust Funds (Amendment) Regulations 2017
Made
Laid before Parliament
Coming into force
The Treasury make these Regulations in exercise of the powers in sections 3(1) and (10), 12(2), 15 and 28(1) and (2) of the Child Trust Funds Act 20041.
Citation and commencement1
These Regulations may be cited as the Child Trust Funds (Amendment) Regulations 2017 and come into force on 6th April 2017.
Amendment of the Child Trust Funds Regulations 2004
2
The Child Trust Funds Regulations 20042 are amended as follows.
3
In regulation 2 (interpretation)—
a
b
in paragraph (2) for “33(1)” in both places it appears, substitute “33A(6)5”.
4
In regulation 9(2) and (3) (annual limit on subscriptions)6 for “£4,080”, substitute “£4,128”.
5
6
In regulation 21 (transfer of accounts) —
a
in paragraph (4) omit “and the declaration specified in paragraph (6)”;
b
in paragraph (4A)9 omit from “and the declaration” to the end; and
c
omit paragraph (6).
7
In regulation 33A (The Official Solicitor or Accountant of Court to be the person who has the authority to manage an account)—
a
in paragraph (2), Condition 5—
i
in sub-paragraph (a) omit “and Wales”; and
ii
after that sub-paragraph insert —
ab
in Wales, has the meaning in section 76 of the Social Services and Well-being (Wales) Act 201410;
b
in paragraph (6), in the definition of “looked after child”—
i
in sub-paragraph (a) omit “and Wales” and, at the end, “and”; and
ii
after that sub-paragraph insert —
ab
in Wales means looked after by a local authority within the meaning of section 74 of the Social Services and Well-being (Wales) Act 2014; and
8
In the Schedule, in paragraph 2 (characteristics of stakeholder account etc.)—
a
in sub-paragraph (2)(c)(ii) for “; and” substitute“.”;
b
omit sub-paragraph (2)(d); and
c
in sub-paragraph (6) omit the definition of “lifestyling”.
(This note is not part of the Regulations)