# The Tax Credits and Child Trust Funds (Amendment) (EU Exit) Regulations 2019, Regulation 11: Amendment of the Child Trust Funds Regulations 2004


In regulation 2 (interpretation), in paragraph (1)—
(a) omit the definitions of “EEA Agreement” and “EEA State”;
(b) for the definition of “European institution” substitute—
““European institution” means—
(a) a person who is treated as having permission to carry on a regulated activity in the United Kingdom under Part 4A of the Financial Services and Markets Act 2000 by regulation 8, 11, 28 or 34 of the EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018; or
(b) an EEA firm (within the meaning of Article 2(3G) of the Financial Services and Markets Act 2000 (Gibraltar) Order 2001 of the kind mentioned in paragraph 5(a) to (d), (f) and (h) of Schedule 3 to the Financial Services and Markets Act 2000 which is an authorised person for the purposes of that Act as a result of qualifying for authorisation under paragraph 12(1) to (4) and (7) of that Schedule.”; and
(c) for the definition of “recognised UCITS” substitute—
““recognised UCITS” means—
(a) a UCITS within the meaning given by section 236A of the Financial Services and Markets Act 2000; or
(b) an undertaking established in Gibraltar which is a UCITS under the law of Gibraltar implementing Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities.”.

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Source: https://www.legislation.gov.uk/uksi/2019/713/regulation/11 (the official version)
Page: https://openlegislation.uk/tax-credits-and-child-trust-funds-amendment-eu-exit-regulations-2019/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.