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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the Child Trust Funds Regulations 2004 (“the principal Regulations”).

Regulation 2 amends regulation 12 of the principal Regulations. It inserts a new paragraph (2D) in regulation 12 to provide that investments which immediately before 1st October 2024 were units in or shares of a recognised UCITS, or which were units in or shares of a recognised UCITS within an umbrella scheme immediately before 1st October 2024, are qualifying investments until 31st December 2026. New paragraph (2E) of regulation 12 provides that paragraph (2A) ceases to have effect at the end of 31st December 2026.

A Tax Information and Impact Note will be published on the HM Government website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.