# The Child Trust Funds (Amendment) Regulations 2006

S.I. 2006/199 · made 31 January 2006

These Regulations amend the Child Trust Funds Regulations 2004 (S.I. 2004/1450). The principal effect of the amendments is to allow extra flexibility in opening accounts close to the expiry date on the voucher: provided a completed application to open an account has been made on or before the expiry date, there is an extra period of 7 days for the voucher to be delivered to the account provider.

Made under: Child Trust Funds Act 2004 (Section 3, Section 5, Section 8, Section 28)

PDFs: Printed copy https://openlegislation.uk/child-trust-funds-amendment-regulations-2006/pdf/uksi_20060199_en.pdf; Explanatory Memorandum https://openlegislation.uk/child-trust-funds-amendment-regulations-2006/pdf/uksiem_20060199_en.pdf

## Introductory text

CHILD TRUST FUNDS
Made 31st January 2006
Laid before Parliament 31st January 2006
Coming into force 7th February 2006
The Treasury, in exercise of the powers conferred upon them by sections 3, 5(1), (4) and (5), 8(1) and 28(1) to (4) 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) Regulations 2006 and shall come into force on 7th February 2006.

## 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 regulation 3(3) omit “(when the voucher shall cease to be valid)”.

## 4 Amendment of the Child Trust Funds Regulations 2004

In regulation 5—
(a) in paragraph (1)—
(i) for “paragraph (2)” substitute “paragraphs (1A) and (2)”;
(ii) in Condition 1 add at the end “not later than 7 days after its expiry date”;
(b) after paragraph (1) insert—
“(1A) The application to open the account must be made, and Condition 2 satisfied, not later than the expiry date of the voucher.”

## 5 Amendment of the Child Trust Funds Regulations 2004

In regulation 30(5)(a) omit “(by means of a voucher)”.

## Signature

Dave Watts
Tom Watson
Two of the Lords Commissioners of Her Majesty’s Treasury
31st January 2006

## Explanatory note

(This note is not part of the Regulations)
These Regulations amend the Child Trust Funds Regulations 2004 (S.I. 2004/1450). The principal effect of the amendments is to allow extra flexibility in opening accounts close to the expiry date on the voucher: provided a completed application to open an account has been made on or before the expiry date, there is an extra period of 7 days for the voucher to be delivered to the account provider.
Regulation 1 provides for citation and commencement and regulation 2 for amendment of the main Regulations. Regulations 3 to 5 make the technical changes to the rules on opening accounts.
A Regulatory Impact Assessment has not been prepared for this instrument as it has no impact (exceeding the de minimis limit) on business, charities or voluntary bodies.

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Source: https://www.legislation.gov.uk/uksi/2006/199 (the official version)
Page: https://openlegislation.uk/child-trust-funds-amendment-regulations-2006
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.