{
  "url": "https://openlegislation.uk/child-trust-funds-amendment-no-2-regulations-2024/note",
  "json_url": "https://openlegislation.uk/child-trust-funds-amendment-no-2-regulations-2024/note.json",
  "legislation": "uksi/2024/1023",
  "legislation_title": "The Child Trust Funds (Amendment) (No. 2) Regulations 2024",
  "legislation_url": "https://openlegislation.uk/child-trust-funds-amendment-no-2-regulations-2024",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the Child Trust Funds Regulations 2004 (S.I. 2004/1450) (“the principal Regulations”).\nRegulation 3 amends regulation 8 of the principal Regulations to specify the requirements that fractional interests in shares must meet to be included in a child trust funds account and makes provision as to when fractional interests must be aggregated into whole shares.\nRegulation 4 amends regulation 11 of the principal Regulations to make provision as to the price at which other transactions by way of sale or otherwise, and of fractional interests, are to be traded.\nRegulation 5 amends regulation 12 of the principal Regulations to include fractional interests which meet the prescribed conditions as qualifying investments for a child trust funds account. It inserts new paragraphs (2B) and (2C) which prescribe the shares and investments which qualify.\nRegulation 6 amends the Schedule to the principal Regulations to prescribe accounts which do not directly holds investments in fractional interests in shares in investment trusts or in shares issued by a company officially listed on or admitted to trading on a recognised stock exchange as having the characteristics of a stakeholder account.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2024/1023/note",
    "retrieved_at": "2026-10-28T21:25:48.659425+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."
}