Regulation 3 Amendment of the Child Trust Funds Regulations 2004

in sub-paragraph (b), insert at the appropriate place—

• ““matured CTF account” has the meaning given by regulation 13B(2)(a)^f1;”.

in sub-paragraph (c), for the definition of “recognised UCITS”^f2 substitute—

• ““recognised UCITS” means—

  1. (a)

     a UCITS within the meaning given by section 236A^f3 of the Financial Services and Markets Act 2000 which is a recognised scheme for the purposes of Part 17 of that Act; or

  2. (b)

     an undertaking established in Gibraltar which is a UCITS under the law of Gibraltar which implemented Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities;”.