Regulation 2 Amendment of the Child Trust Funds Regulations 2004

After paragraph (2C) of regulation 12 of the Child Trust Funds Regulations 2004^f1 (qualifying investments for an account) insert—

“(2D)

Notwithstanding any provision of paragraph (1), investments which—

(a)

immediately before 1st October 2024 fell within paragraph (2)(i) by virtue of being units in, or shares of, a recognised UCITS^f2, or

(b)

qualify under paragraph (2)(i) by virtue of being part of an umbrella scheme that immediately before 1st October 2024 fell within that paragraph by virtue of being units in, or shares of, a recognised UCITS,

are to be treated, until the end of 31st December 2026, as qualifying investments for an account.

(2E)

Paragraph (2A) ceases to have effect at the end of 31st December 2026.”.