Regulation 2 Amendment of the Child Trust Funds Regulations 2004

(1)

The Child Trust Funds Regulations 2004^f1 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^f2 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^f3 that is a UCITS within the meaning given by section 236A^f4 of that Act;”.

(3)

In regulation 14 (account provider - qualifications and Board’s approval), in paragraph (2)(f) omit paragraph (i).

Annotations

Footnotes

f1: S.I. 2004/1450 (“the Principal Regulations”); relevant amending instruments are S.I. 2005/3349, 2010/582, 2013/472, 2013/1773, 2020/29 and 2023/269.
f2: Section 271A of the Financial Services and Markets Act 2000 (c. 8) was inserted by paragraph 1 of Schedule 9 to the Financial Services Act 2021 (c. 22).
f3: “FISMA 2000” is defined as the Financial Services and Markets Act 2000 in regulation 2(1)(b) of the Principal Regulations. Section 272 was amended by paragraph 9 of Schedule 18 to the Financial Services Act 2012 (c. 21), section 25(3) of the Financial Services Act 2021 and S.I. 2013/1773, 2013/1388 and 2019/325.
f4: Section 236A was inserted by S.I. 2019/325.