Regulation 5 Amendments to the Child Trust Funds Regulations 2004

in paragraph (2)(b)—

in paragraph (2)(f) omit the words from “, in circumstances” to the end;

omit paragraph (2)(g) and (h);

for paragraph (2)(i) substitute—

“(i)

units in, or shares of, a UK UCITS or recognised UCITS;”;

in paragraph (2)(k) for the words from “section 840A(1)(b)” to “institution” substitute “section 991 of ITA 2007 (including for this purpose a credit union)”;

omit paragraph (6);

in paragraph (9)(d)(ii) for “regulation 2(1) of the Personal Portfolio Bonds (Tax) Regulations 1999” substitute “section 516 of ITTOIA 2005”;

for paragraph (12)(b)(i) substitute—

“(i)

the end of the final insurance year in relation to the policy, within the meaning given by section 499 of ITTOIA 2005,”.