# The Child Trust Funds (Amendment) Regulations 2024

S.I. 2024/349 · made 11 March 2024

These Regulations amend the Child Trust Funds Regulations 2004 by:updating definitions relating to certain investment funds (regulation 2(2)), andremoving a provision which allowed certain institutions based in EU member states to conduct business without being present in the United Kingdom (regulation 2(3)).

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

PDFs: Printed copy https://openlegislation.uk/child-trust-funds-amendment-regulations-2024/pdf/uksi_20240349_en.pdf; UK Explanatory Memorandum https://openlegislation.uk/child-trust-funds-amendment-regulations-2024/pdf/uksiem_20240349_en_001.pdf

## Introductory text

CHILD TRUST FUNDS
Made 11th March 2024
Laid before Parliament 12th March 2024
Coming into force 6th April 2024
The Treasury make these Regulations in exercise of the powers conferred by sections 3(5) and 28(2) and (3) of the Child Trust Funds Act 2004.

## 1 Citation and commencement

These Regulations may be cited as the Child Trust Funds (Amendment) Regulations 2024 and come into force on 6th April 2024.

## 2 Amendment of the Child Trust Funds Regulations 2004

(1) The Child Trust Funds Regulations 2004 are amended as follows.
(2) In regulation 2 (interpretation), in paragraph (1)—
(a) in sub-paragraph (b), in the definition of “non-UCITS retail scheme”, in paragraph (b) after “by virtue of section” insert “271A or”;
(b) in sub-paragraph (c), in the definition of “recognised UCITS”—
(i) omit paragraph (a);
(ii) for paragraph (c) substitute—
“(c) a recognised scheme by virtue of section 271A or 272 of FISMA 2000 that is a UCITS within the meaning given by section 236A of that Act;”.
(3) In regulation 14 (account provider - qualifications and Board’s approval), in paragraph (2)(f) omit paragraph (i).

## Signature

Joy Morrissey
Scott Mann
Two of the Lords Commissioners of His Majesty's Treasury
11th March 2024

## Explanatory note

(This note is not part of the Regulations)
These Regulations amend the Child Trust Funds Regulations 2004 by:
updating definitions relating to certain investment funds (regulation 2(2)), and
removing a provision which allowed certain institutions based in EU member states to conduct business without being present in the United Kingdom (regulation 2(3)).
A Tax Information and Impact Note covering this instrument will be published on the website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.

---
Source: https://www.legislation.gov.uk/uksi/2024/349 (the official version)
Page: https://openlegislation.uk/child-trust-funds-amendment-regulations-2024
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.