{
  "url": "https://openlegislation.uk/child-trust-funds-regulations-2004/regulation-5",
  "json_url": "https://openlegislation.uk/child-trust-funds-regulations-2004/regulation-5.json",
  "legislation": "uksi/2004/1450",
  "legislation_title": "The Child Trust Funds Regulations 2004",
  "legislation_url": "https://openlegislation.uk/child-trust-funds-regulations-2004",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Opening of account by responsible person or the child",
  "text": "(1) For the purposes of these Regulations, subject to paragraphs (1A) and (2), an account is opened for a child (“the named child”) with an account provider on the date the last of the following conditions is satisfied (in any order) where “the applicant” means—\n(a) if the named child is 16 or over, the child; and\n(b) in any other case, a responsible person in relation to the named child:\nCondition 1\nThe applicant gives the voucher relating to the named child to the account provider not later than 7 days after its short expiry date or, where the account provider has chosen to open accounts without sight of the relevant voucher, the applicant gives the following information to the account provider:\n(a) the short expiry date of the voucher,\n(b) the amount of the initial contribution as specified on the voucher, and\n(c) where the date of birth shown on the voucher differs from the actual date of birth of the child (see regulation 13(5)(c)), the date of birth shown on the voucher.\nCondition 2\nThe applicant enters into an agreement with the account provider (the “management agreement”) for the management of the account (see regulation 8(1) and (2)), which includes the application and declaration required by regulation 13.\nCondition 3\nWhere that application is not in writing the applicant has agreed, or is treated as having agreed, the contents of the copy of the declaration required by regulation 13(3).\nCondition 4\n(a) In any case where the management agreement is a distance contract, the agreement must be an initial service agreement for the purposes of the Distance Marketing Directive , and contain the instructions required by regulation 8(1)(f), and\n(b) in every case where there is any right to cancel (or automatic cancellation of) the management agreement, the period during which it may be exercised or occur has expired without that right being exercised or cancellation occurring.\n(1A) The application to open the account must be made, and Condition 2 satisfied, not later than the short expiry date of the voucher.\n(2) An account must satisfy the requirements that—\n(a) no subscription to the account is accepted by the account provider until the account has been opened in accordance with paragraph (1); and\n(b) where the account is so opened before the appointed day, it shall not be treated as open for the purpose of accepting subscriptions until the appointed day.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 5(1) substituted (7.2.2006) by The Child Trust Funds (Amendment) Regulations 2006 (S.I. 2006/199), regs. 1, 4(a)(i)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 5(1) added (7.2.2006) by The Child Trust Funds (Amendment) Regulations 2006 (S.I. 2006/199), regs. 1, 4(a)(ii)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 5(1) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Child Trust Funds (Amendment No. 3) Regulations 2011 (S.I. 2011/2447), regs. 1(1), 4"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in reg. 5(1) added (with effect in accordance with reg. 1(2) of the amending S.I.) by The Child Trust Funds (Amendment No. 2) Regulations 2009 (S.I. 2009/694), regs. 1(1), 3"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Reg. 5(1A) inserted (7.2.2006) by The Child Trust Funds (Amendment) Regulations 2006 (S.I. 2006/199), regs. 1, 4(b)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in reg. 5(1A) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Child Trust Funds (Amendment No. 3) Regulations 2011 (S.I. 2011/2447), regs. 1(1), 4"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "O.J. L271, 9.10.2002, p. 16."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2004/1450/regulation/5",
    "retrieved_at": "2026-10-29T05:24:28.224376+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}