Regulation 3 Amendments to the Child Trust Funds Regulations 2004
In regulation 2(1)(b) insert after the definition of “assurance undertaking”—
““Bank of England base rate” means the rate announced from time to time by the Monetary Policy Committee of the Bank of England as the official dealing rate, being the rate at which the Bank is willing to enter into transactions for providing short-term liquidity in the money markets;”.