# The Child Trust Funds (Amendment No. 2) Regulations 2014

S.I. 2014/1453 · made 4 June 2014

These Regulations amend the Child Trust Funds Regulations 2004 (S.I. 2004/1450) (“the Regulations”).

Made under: Child Trust Funds Act 2004 (Section 3, Section 5, Section 7, Section 12, Section 13, Section 15, Section 28)

PDFs: Printed copy https://openlegislation.uk/child-trust-funds-amendment-no-2-regulations-2014/pdf/uksi_20141453_en.pdf; UK Explanatory Memorandum https://openlegislation.uk/child-trust-funds-amendment-no-2-regulations-2014/pdf/uksiem_20141453_en.pdf

## Introductory text

Child Trust Funds
Made 4th June 2014
Laid before Parliament 5th June 2014
Coming into force 1st July 2014
The Treasury, in exercise of the powers conferred by sections 3(3) and (5), 5(4), 7, 12(2), 13, 15 and 28(1) and (3) of the Child Trust Funds Act 2004, make the following Regulations:

## 1 Citation and commencement

These Regulations may be cited as the Child Trust Funds (Amendment No. 2) Regulations 2014 and come into force on 1st July 2014.

## 2 Amendment of the Child Trust Funds Regulations 2004

The Child Trust Funds Regulations 2004 are amended as follows.

## 3 Amendment of the Child Trust Funds Regulations 2004

In regulations 9(2) and 9(3) (annual limit on subscriptions), for “£3,840” substitute “£4,000”.

## 4 Amendment of the Child Trust Funds Regulations 2004

In regulation 12(2)—
(a) in sub-paragraph (q), at the end, for “.” substitute “;”; and
(b) after sub-paragraph (q), insert—
“(r) core capital deferred shares within the meaning of regulation 2 of the Building Societies (Core Capital Deferred Shares) Regulations 2013, provided that such shares are listed on the official list of a recognised stock exchange.”.

## Signature

David Evennett
Anne Milton
Two of the Lords Commissioners of Her Majesty’s Treasury
4th June 2014

## Explanatory note

(This note is not part of the Regulations)
These Regulations amend the Child Trust Funds Regulations 2004 (S.I. 2004/1450) (“the Regulations”).
Regulation 3 amends regulations 9(2) and 9(3) of the Regulations to increase the overall annual subscription limit in respect of a child’s account from £3,840 to £4,000.
Regulation 4 provides for core capital deferred shares to be a qualifying investment for Child Trust Funds.
A Tax Information and Impact Note covering this instrument has been published on the HMRC website at: http://www.hmrc.gov.uk/thelibrary/tiins.htm.

---
Source: https://www.legislation.gov.uk/uksi/2014/1453 (the official version)
Page: https://openlegislation.uk/child-trust-funds-amendment-no-2-regulations-2014
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.