Regulation 10 Amendments to the Child Trust Funds Regulations 2004

in paragraph (1) for sub-paragraphs (b) to (d) substitute—

“(b)

there is an insolvency event in relation to the account provider;

(c)

an application has been made for a bank insolvency order or a bank administration order;”;

in paragraph (1)(e) for “section 840A(1)(b) of the Taxes Act or a relevant European institution” substitute “section 991 of ITA 2007^f1 or a credit union”;

in paragraph (1)(e)(i) for “section 840A(1)(b) of the Taxes Act or to be a relevant European institution” substitute “section 991 of ITA 2007 or to be a credit union”;

in paragraph (3)(a) after “regulation” insert “16(4) or”.