{
  "url": "https://openlegislation.uk/child-trust-funds-amendment-no-2-regulations-2011/note",
  "json_url": "https://openlegislation.uk/child-trust-funds-amendment-no-2-regulations-2011/note.json",
  "legislation": "uksi/2011/992",
  "legislation_title": "The Child Trust Funds (Amendment No. 2) Regulations 2011",
  "legislation_url": "https://openlegislation.uk/child-trust-funds-amendment-no-2-regulations-2011",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend regulation 10 of the Child Trust Funds Regulations 2004 (S.I. 2004/1450) (“the CTF Regulations”). Regulation 10 of the CTF Regulations imposes an obligation on account providers to issue annual statements in relation to child trust funds (“CTFs”) as well as statements when a CTF is transferred to another provider.\nRegulation 2 amends the annual statement requirement imposed on providers of CTFs, so that where, at a relevant date, the aggregate value of the account investments under a CTF is less than £300, or no subscriptions have been made since either the last statement was produced (or would had to have been produced but for the relaxation of the obligation to produce an annual statement by the application of these regulations), or, where appropriate, the date that the account was opened, the account provider need only produce an annual statement if it would be the first statement to be produced following the child’s fourth, tenth or fifteenth birthday, unless the provider receives a request for an annual statement.\nA full Impact Assessment of the effect this instrument will have on the costs of business and the voluntary sector is available from the HMRC website at http://www.hmrc.gsi.gov.uk/better-regulation/ia.htm.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2011/992/note",
    "retrieved_at": "2026-10-29T02:10:20.329516+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}