The Child Trust Funds Regulations 2004

• (ba) any gain or loss accruing on and attributable to a payment within paragraph (ib) of sub-paragraph (a) shall not be a chargeable gain or allowable loss for capital gains tax purposes;

• (c) section 935 of ITA 2007 shall apply with the following modifications—

• (i) for references to a plan manager, substitute references to an account provider,

• (ii) for references to a plan, substitute references to an account, and

• (iii) for the reference to Chapter 3 of Part 6 of ITTOIA 2005, substitute a reference to the Act;

• (d) a deficiency arising in a tax year and falling within section 539(1) of ITTOIA 2005, so far as it relates to a policy of life insurance which is an account investment, shall not be allowable as a deduction from the total income of the named child;

• (e) relief in respect of tax shall be given in the manner and to the extent provided by these Regulations; and

• (f) income arising from account investments shall not be regarded as income for any income tax purposes (including section 629 of ITTOIA 2005).

Tax liabilities and reliefs—account provider to act on behalf of the named child

25

• (1) An account provider may under these Regulations make tax claims, conduct appeals and agree on behalf of the named child (or of the registered contact in respect of the child) liabilities for and reliefs from tax in respect of an account.

• (2) Tax claims shall be made to the Board in accordance with the provisions of regulations 26 and 27.

• (3) Where any relief or exemption from tax previously given in respect of an account has by virtue of these Regulations become excessive, in computing the relief due on any claim there shall be deducted (so that amounts equal to that excess are set-off or repaid to the Board, as the case may be) notwithstanding that those amounts have been invested, any other amount of tax due to the Board by the account provider in respect of any tax liability in respect of account investments under an account including (but without prejudice to the making of an assessment under that Schedule) any amount falling due in respect of a liability under Chapter 9 of Part 15 of ITA 2007.

Repayments in respect of tax to account provider—interim tax claims

26

• (1) Notwithstanding the provisions of any other enactment, the Board shall not be under an obligation to make any repayment in respect of tax under these Regulations earlier than the end of the month following the month in which the claim for the repayment is received.

• (2) A claim for repayment in respect of tax which is not an annual claim (“interim tax claim”) may be made only for a period of a month (or a number of months not exceeding six) beginning on the 6th day of the month and ending on the 5th day of the relevant following month.

• (3) No claim for repayment may be made for the month ending 5th October or any subsequent month in a year until the annual claim due under regulation 27(2) in respect of an account for the preceding year has been duly made by the account provider and received by the Board.

• (4) Where, on the occasion of a claim, there is due to the Board an amount in respect of tax, that amount shall be recoverable by the Board in the same manner as tax charged by an assessment on the account provider which has become final and conclusive.

• (5) This regulation and regulation 27 shall not apply to any repayment in respect of tax on account investments falling within regulation 12(2)(m) (life insurance), or on distributions and other rights or proceeds in respect of those investments.

Repayments in respect of tax to account provider—annual tax claims

27

• (1) An annual tax claim is a claim for repayment in respect of tax for a year and may not be made at any time more than six years after the end of the year.

• (2) Where the account provider—

• (a) has made at least one interim tax claim during a year, or

• (b) wishes to reclaim tax, or there is due to the Board an amount in respect of tax, following the end of the year,

the account provider shall within six months after the end of the year make an annual tax claim to establish the total of tax repayments due under an account for that year.

• (3) Where the aggregate of the repayments in respect of interim tax claims for the year shown by an annual tax claim exceeds the amount of tax repayable for the year shown on the claim, the account provider shall repay the amount of the excess to the Board with the claim.

• (4) If an account provider fails to make the annual tax claim required under paragraph (2)(a) within the time limited, the Board may issue a notice to the account provider showing the aggregate of payments in respect of the interim tax claims for the year, and stating that the Board are not satisfied that the amount due to the account provider for that year exceeds the lower amount stated in the notice.

• (5) If an annual tax claim is not delivered to the Board within 14 days after the issue of a notice under paragraph (4) the amount of the difference between the aggregate and the lower amount stated in the notice shall immediately become recoverable by the Board in the same manner as tax charged by an assessment on the account provider which has become final and conclusive.

• (6) Where an annual tax claim has been made and the account provider subsequently discovers that an error or mistake has been made in the claim the account provider may make a supplementary annual claim within the time allowed in paragraph (1).

Account provider’s tax claims—supplementary provisions

28

• (1) Section 42 of the Management Act shall not apply to tax claims under these Regulations.

• (2) No appeal shall lie from the Board’s decision on an interim tax claim.

• (3) An appeal ... from the Board’s decision on an annual tax claim... shall be brought by giving notice to the Board within 30 days of receipt of notice of the decision.

• (4) No payment or repayment made or other thing done on or in relation to an interim tax claim or a notice under regulation 27(4) shall prejudice the decision on an annual tax claim.

• (5) The provisions contained in Part 5 of the Management Act (appeals and other proceedings) shall apply to an appeal under paragraph (3) above and, on an appeal that is notified to the tribunal, the tribunal may vary the decision appealed against whether or not the variation is to the advantage of the appellant.

• (6) All such assessments, payments and repayments shall be made as necessary to give effect to the Board’s decision on an annual tax claim or to any variation of that decision on appeal.

• (7) Claims under these Regulations shall be in such form and contain such particulars as the Board prescribe and, subject to regulation 32(1), shall be signed by the account provider, and forms prescribed for annual claims may require a report to be given by a person qualified for appointment as auditor of a company.

Assessments for withdrawing relief and recovering tax

29

• (1) Where—

• (a) any relief or exemption from tax given in respect of income or gains under an account is found not to be due or to be excessive, or

• (b) the full amount of tax in respect of the income or gains under an account has not otherwise been fully accounted for and paid to the Board on behalf of the named child,

an assessment to tax may be made by the Board in the amount or further amount which in their opinion ought to be charged.

• (2) An assessment to which paragraph (1) refers may be made on the account provider or on the registered contact (in respect of the child where the child is under the age of 16).

• (3) If the assessment is made to recover tax in respect of income under an account it shall be made under Case VI of Schedule D.

• (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Fortnightly claim and financial returns

30

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Records to be kept by account provider

31

• (1) An account provider shall at all times keep sufficient records in respect of an account to enable the requirements of these Regulations to be satisfied.

• (2) In particular, an account provider shall produce (when required to do so by an officer of the Board) any—

• (a) application made under regulation 13(1) or (10),

• (b) voucher given to him,

• (c) annual statement issued by him, and

• (d) transfer notice given to him under regulation 21(4),

or electronic copies, within the period of 3 years from when it was made, issued or given (notwithstanding any transfer of the account under regulation 20A or 21).

• (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Returns of information by account provider

32

• (1) An account provider shall within 60 days after the end of each year in which he acts as an account provider, and after ceasing to act or to qualify as an account provider, deliver by means of electronic communications to the Board a return for that year, or for the part of that year in which he so acted or qualified, in a form specified by the Board, which contains the information specified in paragraph (2).

• (2) The information specified in this paragraph is information relating to each account in respect of which he acted as account provider, in the year or the part of the year for which the return is made, other than accounts transferred ... under regulation 20A or 21 in that year or part of a year, as to—

• (a) as regards the named child—

• (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• (ii) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• (iii) his unique reference number;

• (b) as regards each such account—

• (i) whether or not the account is a stakeholder account,

• (ii) whether or not there is a registered contact for the account,

• (iii) the aggregate market value of the account investments held under the account, subject to paragraph (3), the value of each account investment being determined either as at 5th April in that year, or any other valuation date not falling earlier than 5th October in that year, and

• (iv) the total amount of cash subscribed to the account, in the subscription year ending during the year or the part of the year for which the return is made.

• (2A) Where, during the year or part of the year, the named child reaches the age of 18 years or dies, there shall be substituted for paragraph (2)(b)(iii)—

(iii) the aggregate market value of the account investments held under the account immediately before the relevant event mentioned in paragraph (2A),

• (3) The reference in paragraph (2)(b)(iii) to market value shall be construed—

• (a) in the case of policies of life insurance, as a reference to their surrender value, and

• (b) as referring to separate values for—

• (i) cash falling within regulation 12(2)(k) or (l), and

• (ii) policies of life insurance and all other account investments.

• (4) No claim for repayment, or repayment, may be made under regulations 26 and 27 until the returns which have become due under this regulation have been duly made by the account provider and received by the Board.

Information about “looked after children” from Local Authorities

33

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Information to be provided to the Board

34

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Inspection of records by officer of the Board

35

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Capital gains tax—adaptation of enactments

36

• (1) For the purposes of capital gains tax—

• (a) any assets held by a named child as account investments shall be regarded as held by the child in a separate capacity from that in which he holds any other assets of the same description; and

• (b) the named child shall be treated as having sold all the account investments, and as having reacquired them in his personal capacity, for a consideration equal to their market value, immediately before he attains the age of 18 years (and ceases to be a child).

• (2) Sections 127 to 131 of the 1992 Act shall not apply in relation to qualifying investments falling within any of sub-paragraphs (a), (b), and (f) to (i) of regulation 12(2) which are held under an account if there is by virtue of any allotment for payment as is mentioned in section 126(2) of that Act a reorganisation affecting those assets.

Administration of tax in relation to accounts—supplementary

37

• (1) Nothing in these Regulations shall be taken to prejudice any powers conferred or duties imposed by or under any enactment in relation to the making of returns of income or gains, or for the recovery of tax, penalties or interest by means of an assessment or otherwise.

• (2) Notwithstanding the provisions of these Regulations an account provider shall not be released from obligations under these Regulations in relation to an account except under conditions agreed in writing with and notified to that person by the Board.

• (3) The provisions contained in the Management Act shall apply to any assessment under these Regulations as if it were an assessment to tax for the year in which, apart from these Regulations, the named child would have been liable (by reason of his ownership of the investments).

• (4) No obligation as to secrecy imposed by statute or otherwise shall preclude the Board from disclosing to an account provider or registered contact that any provision of these Regulations has not been satisfied or that relief has been given or claimed in respect of investments under an account.

• (5) If—

• (a) a chargeable event, within the meaning given by Chapter 9 of Part 4 of ITTOIA 2005, has happened in relation to a policy of life insurance which is an account investment, and

• (b) the body by whom the policy was issued is satisfied that no gain is to be treated as chargeable to tax on the happening of the event by virtue of regulation 24(a)(v),

the body shall not be obliged to deliver the certificates mentioned in section 552(1) of the Taxes Act.

This paragraph does not prevent the operation of section 552(1) in a case to which regulation 38(1) applies.

• (6) Where—

• (a) it comes to the notice of the account provider, in any manner, that the event specified in regulation 12(11) has occurred in relation to a policy, and

• (b) the account provider is not the insurer for the time being responsible for the obligations under the policy or, where the policy is not still in existence, the person who was the last such insurer,

the account provider shall, within 30 days of the event coming to his notice give notice to that insurer, specifying the event mentioned in sub-paragraph (a) and the termination event.

Application of the provisions of Chapter 2 of Part 13 of the Taxes Act to policies

38

• (1) This paragraph applies to a case where—

• (a) the event specified in regulation 12(11) has occurred in relation to a policy of life insurance, and

• (b) a termination event within the meaning in regulation 12(12) occurs in relation to that policy.

• (2) Where—

• (a) there is a case to which paragraph (1) applies, and

• (b) a chargeable event in relation to the policy, within the meaning given by section 540 of the Taxes Act, has occurred prior to the time at which the termination event mentioned in paragraph (1)(b) occurs,

the named child shall cease to be, and shall be treated as not having been, entitled to relief from tax under regulation 24(a)(v), in respect of gains treated as arising on the occurrence of any chargeable event mentioned in sub-paragraph (b).

• (3) The provisions of Chapter 2 of Part 13 of the Taxes Act shall apply, in a case to which paragraph (1) applies, to—

• (a) the termination event mentioned in paragraph (1)(b), and

• (b) any chargeable event mentioned in paragraph (2)(b),

with the modifications provided for in paragraphs (4) to (8) of this regulation, and the registered contact and the account provider shall account to the Board in accordance with this regulation for tax from which relief under regulation 24 has been given on the basis that the named child was so entitled, or in circumstances such that the named child was not so entitled.

• (4) A termination of a policy of insurance pursuant to regulation 12(9)(b)(ii) shall be treated as the surrender of all rights under the policy for the purposes of section 484(1)(a)(i) of ITTOIA 2005.

• (5) Section 530 of ITTOIA 2005 does not apply to a gain in a case to which paragraph (1) applies.

• (6) Relief under section 550 of the Taxes Act shall be computed as if paragraph (5) had not been enacted.

• (7) In section 552 of the Taxes Act—

• (a) in subsection (1)(b) for “policy holder” substitute “ “named child ”;

• (b) in subsection (3)—

• (i) omit “(or, where the appropriate policy holder is a company, the corresponding financial year)”;

• (ii) for “the name and address of the appropriate policy holder” substitute “ the name and address of the named child ”;

• (iii) omit “and the corresponding financial year,”;

• (c) in subsection (5)—

• (i) for “the appropriate policy holder” substitute “ the named child ”;

• (ii) omit sub-paragraph (b)(ii);

• (iii) omit paragraph (c);

• (iv) in paragraph (d) omit “except where paragraph (c) above applies,”;

• (v) omit paragraph (f);

• (d) in subsection (6)—

• (i) omit paragraph (b);

• (ii) for paragraph (c) substitute—

(c) if the event is a death, the period of three months beginning with the receipt of written notification of the death;

• (iii) after paragraph (c) insert—

(d) if the event is— (i) a termination event, or (ii) a chargeable event preceding a termination event (as mentioned in regulation 38(2) of the Child Trust Funds Regulations 2004), the period of three months beginning with the date on which the insurer received notice under regulation 37(6) of those Regulations or, if earlier, actual notice of the termination event.

• (e) in subsection (7)—

• (i) in paragraph (a) omit “, or, where the policy holder is a company, the financial year,”;

• (ii) omit paragraph (b);

• (iii) for paragraph (c) substitute—

(c) if the event is a death, the period of three months beginning with the receipt of written notification of the death;

• (iv) after paragraph (c) insert—

(ca) if the event is— (i) a termination event, or (ii) a chargeable event preceding such a termination event (as mentioned in regulation 38(2) of the Child Trust Funds Regulations 2004, the period of three months beginning with the date on which the insurer received notice under regulation 37(6) of those Regulations or, if earlier, actual notice of the termination event.

; and

• (v) in paragraph (d) after “paragraph (c)” insert “ or (ca) ”;

• (f) in subsection (8)—

• (i) in paragraph (b) for “policy holder” substitute “ named child in respect ”;

• (ii) in paragraph (c) omit the words from “or” to the end;

• (g) in subsection (9) omit “or financial year” in each place where they occur;

• (h) in subsection (10)—

• (i) before the definition of “amount” insert—

“named child” has the same meaning as in the Child Trust Funds Regulations 2004;

• (ii) omit the definitions of “appropriate policy holder” and “financial year”;

• (iii) for the definition of “the relevant year of assessment” substitute—

“the relevant year of assessment”, in the case of any gain, means the year of assessment to which the gain is attributable;

; and

• (iv) after the definition of “section 546 excess” insert—

“termination event” has the same meaning as in the Child Trust Funds Regulations 2004;

; and

• (v) omit subsection (11).

• (8) In section 552ZA of the Taxes Act—

• (a) in subsection (2)(b) omit the words “or an assignment”; and

• (b) omit subsections (3) and (4).

• (9) The account provider shall account for and pay income tax at the basic rate in force for the year in which the termination event, or the chargeable event mentioned in paragraph (2)(b) occurred, as the case may be, and any amount so payable—

• (a) may be set off against any repayment in respect of tax due under regulation 26 or 27 and subject thereto,

• (b) shall be treated as an amount of tax due not later than 6 months after the end of the year in which the event specified in regulation 12(11) came to the notice of the account provider, and

• (c) shall be payable without the making of an assessment.

• (10) Where tax is charged in accordance with paragraph (3)(a) or (b)—

• (a) an assessment to income tax at the basic rate in force for the relevant year may be made on the account provider or on the registered contact (on behalf of the named child), and

• (b) an assessment to income tax at the higher rate within the meaning of section 10(3) of ITA 2007, for that year, may be made on the registered contact (on behalf of the named child) within five years after the 31st January next following that year, and regulation 29 shall not apply.

SCHEDULE — STAKEHOLDER ACCOUNTS

Description of stakeholder account

1

An account is a stakeholder account where it has the characteristics and complies with the conditions set out in paragraph 2.

Characteristics of stakeholder account etc

2

• (1) A stakeholder account must have the characteristics set out in sub-paragraph (2) and must comply with the conditions set out in sub-paragraphs (3) to (5).

• (2) The characteristics of a stakeholder account are—

• (a) the account does not directly hold investments of any of the following kinds—

• (i) those referred to in regulation 12(2)(f) (shares in an investment trust);

• (ii) securities of an investment trust;

• (iii) rights in with-profits endowment policies;

• (iv) rights, under a contract of insurance, in a with-profits fund;

• (v) units or shares in a relevant collective investment scheme unless it is a requirement of that scheme that the purchase and sale price of those units or shares shall, at any given time, not differ from each other and that the price must be made available to the public on a daily basis;

• (vi) rights under a contract of insurance which are expressed as shares in funds held by the insurer unless it is a requirement of the contract of insurance that the purchase and sale price of those shares shall, at any given time, not differ from each other and that the price must be made available to the public on a daily basis;

• (via) shares referred to in regulation 12(2)(a) (shares issued by a company wherever incorporated and officially listed on a recognised stock exchange or, in the United Kingdom, Gibraltar or the European Economic Area, admitted to trading on a recognised stock exchange);

• (vii) depositary interests, where the investments concerned are investments of any of the kinds listed above in this paragraph;

• (viii) fractional interests in shares in an investment trust (shares in an investment trust are specified in regulation 12(2)(f));

• (ix) interests in a fraction of a share (as specified in regulation 12(2)(a));.

• (x) shares specified in regulation 12(2)(qa), unless it is a requirement of the scheme in which the shares are held that the purchase and sale price of the shares shall, at any given time, not differ from each other and that the price must be available to the public on a daily basis;

• (b) the requirement is fulfilled that the account provider, and any relevant person, ... ensure that, subject to the other provisions of this paragraph, the account has exposure to equities ...;

• (ba) interest accrues on investments referred to in regulation 12(2)(k) and (l) (cash deposited in a deposit account or in a share account) on a daily basis at a rate that is not less than the Bank of England base rate minus 1 per cent per annum , except where cash is held temporarily on deposit in the course of dealing in investments under the account;

• (baa) when the Bank of England base rate increases, the interest rate on investments referred to in regulation 12(2)(k) and (l) (cash deposited in a deposit account or in a share account) must be raised within one month of the date of that increase;

• (bb) in relation to qualifying investments which are securities (other than in an investment trust) or a depositary interest where the relevant investments (within the meaning in that definition) are such securities, the requirement is fulfilled that—

• (i) the securities fall within regulation 12(2)(c) , (d) or (e), or

• (ii) where the securities fall within regulation 12(2)(b) ... or (n), the contract under which the securities are or have been acquired, or any other transaction entered into by the registered contact or any other person, has the effect that the named child is not exposed, or not exposed to a significant extent, to the risk of loss from fluctuations in the value of the securities exceeding 20% of the capital consideration paid or payable for the acquisition of those securities, during the period when the securities in question are held in the account.

• (c) the requirement is fulfilled that the account provider and any relevant person ... have regard to—

• (i) the need for diversification of investments of the account, in so far as is appropriate to the circumstances of the account; and

• (ii) the suitability for the purposes of the account of any investment, investment strategy or investment option proposed .

• (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• (3) The account provider must permit payment of subscriptions to the account by—

• (a) cheque;

• (b) direct debit;

• (c) standing order;

• (d) direct credit (other than standing order).

For the purposes of this sub-paragraph, those means of payment do not include payments by cash, credit card or debit card or any combination including a payment by cash, credit card or debit card.

• (4) The minimum amount which may be subscribed to the account on a single occasion is £10 except where the account provider permits a smaller amount.

• (5) Deductions from the account may only be made in the circumstances, and to the extent, set out in paragraph 3.

• (6) In this paragraph—

• “equities” means shares issued by a company wherever incorporated and officially listed on a recognised stock exchange or, in the United Kingdom, Gibraltar or the European Economic Area, admitted to trading on a recognised stock exchange;

• “insurer” means—a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance, oran EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of insurance;

• . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• “relevant collective investment scheme” means an authorised unit trust scheme, an authorised open-ended investment company or a recognised scheme, as the case may be, as defined in section 237(3) of the Financial Services and Markets Act 2000;

• “relevant person” means any person to whom the account provider has delegated any of his functions or responsibilities under the management agreement; and

• “with-profits fund” means a fund maintained by an insurer in respect of a particular part of its long-term business for which—separate accounting records are maintained by the insurer in respect of all income and expenditure relating to that part of its business; andthe benefits payable in respect of policies allocated to that fund are determined partly by reference to a discretion exercisable by any person.

• (7) In this paragraph, the definitions of “contract of insurance” and “insurer” must be read with—

• (a) section 22 of the Financial Services and Markets Act 2000,

• (b) any relevant order made under that section, and

• (c) Schedule 2 to that Act.

Stakeholder accounts—charges etc

3

• (1) Deductions from a stakeholder account may only be made to the extent set out in this paragraph.

• (2) Subject to sub-paragraph (5), charges for the management of, and other expenses in connection with, a stakeholder account may be recovered from the account to the extent that they do not exceed whichever is the greater of—

• (a) 3/730 per cent of the value of the child’s rights in the account for each day on which the account is held; or

• (b) 3/730 per cent of the value of the investments under the account for each day on which the account is held.

• (3) For the purposes of sub-paragraph (2)—

• (a) the frequency, which must be daily, weekly or monthly, with which rights or investments are to be valued; and

• (b) where valuation is to take place weekly or monthly, the day of the week or, as the case may be, the date in the month on which it is to take place,

must be specified in advance in writing by the account provider to the registered contact, and the specification may not be amended during the period of 12 months after the date on which it is made.

• (4) When calculating the value of a child’s rights or of investments for the purposes of sub-paragraph (2), where the account provider has specified under sub-paragraph (3) that they are to be valued weekly or monthly—

• (a) where they are to be valued weekly, they are to be valued on such day of the week (“the specified day”) as has been so specified by the account provider (except that, where that day is not a working day, the rights are to be valued on the next working day), and the value of the rights on each subsequent day prior to the next specified day is to be taken to be the value of the rights on the previous specified day; and

• (b) where they are to be valued monthly, they are to be so valued on such date in each month (“the specified date”) as has been so specified by the account provider (except that, where that date is not a working day, the rights are to be valued on the next working day), and the value of the rights on each subsequent day prior to the next specified date is to be taken to be the value of the rights on the previous specified date.

• (5) The following charges and expenses may be deducted in full from the account and are not subject to and do not count towards the limit provided for in sub-paragraph (2)—

• (a) any stamp duty, stamp duty reserve tax, value added tax or other charges (including any dilution levy) incurred by the account provider directly or indirectly in the sale or purchase of investments held under the account;

• (aa) where any amount of tax is paid or anticipated to be payable in respect of income received or capital gains realised by the account provider in respect of investments held for the purposes of the account, the amount so deducted or anticipated;

• (b) any charges or expenses incurred by the account provider directly or indirectly in complying with an order of the court or any other requirements imposed by law; and

• (c) expenses incurred by the account provider in complying with its obligations under regulation 8(2)(d) and (e).

• (6) Valuations for the purpose of sub-paragraph (2) shall be after the deduction of any charges or expenses properly deducted from the account under sub-paragraph (5).

Signed

Joan Ryan — Jim Murphy — Two of the Lords Commissioners of Her Majesty’s Treasury — 2004-05-27

Explanatory note

(This note is not part of the Regulations)

Footnotes

[^f00001]: 2004 c. 6.

[^f00002]: 1988 c. 1; section 840A was inserted by paragraph 1(1) of Schedule 37 to the Finance Act 1996 (c. 8).

[^f00003]: O.J. L345, 19.12.2002, p. 1.

[^f00004]: 1986 c. 53.

[^f00005]: Number 17 of 1989.

[^f00006]: 2000 c. 8.

[^f00007]: 1972 c. 65.

[^f00008]: O.J. L271, 9.10.2002, p. 16.

[^f00009]: 1984 c. 12.

[^f00010]: O.J. No. L1, 3.1.94, pp. 3 and 572.

[^f00011]: 1992 c. 12.

[^f00012]: 1992 c. 40.

[^f00013]: 1969 c. 24.

[^f00014]: 1970 c. 9.

[^f00015]: S.I. 2001/1228.

[^f00016]: S.I. 1997/1154.

[^f00017]: O.J. No. L375, 31.12.1985, pp. 3–18, amended by Council Directive 88/220/EC (O.J. No. L100, 19.04.1988, pp. 31–32).

[^f00018]: O.J. L271, 9.10.2002, p. 16.

[^f00019]: Available from the Financial Services Authority.

[^f00020]: 1942 c. 21; the relevant amendment to section 47 was made by section 202(2) of the Finance Act 1996 (c. 8).

[^f00021]: 1988 c. 1; section 840A was inserted by paragraph 1(1) of Schedule 37 to the Finance Act 1996 (c. 8).

[^f00022]: 1968 c. 13.

[^f00023]: 1972 c. 65.

[^f00024]: S.I. 2001/544.

[^f00025]: 2000 c. 8.

[^f00026]: S.I. 1999/1029.

[^f00027]: 1988 c. 1; section 431B was inserted by paragraphs 2 and 57 of schedule 8 to the Finance Act 1995 (c. 4).

[^f00028]: 2000 c. 8.

[^f00029]: S.I. 2001/544.

[^f00030]: 1988 c. 1; section 840A was inserted by paragraph 1(1) of Schedule 37 to the Finance Act 1996 (c. 8).

[^f00031]: 1986 c. 45.

[^f00032]: 2002 c. 21.

[^f00033]: 1970 c. 9.

[^f00034]: 1988 c. 1.

[^f00035]: 1996 c. 8; paragraph 3 was substituted by section 65 of the Finance Act 1999 (c. 16).

[^f00036]: Section 660B was inserted by paragraph 1 of Schedule 17 to the Finance Act 1995 (c. 4).

[^f00037]: S.I. 1995/755 (N.I. 2).

[^f00038]: 1995 c. 36.

[^f00039]: 1989 c. 41.

[^f00040]: 1992 c. 12.

[^f00041]: 1970 c. 9.

[^f00042]: 1988 c. 1.

Description of stakeholder account

Characteristics of stakeholder account etc

Stakeholder accounts—charges etc

Editorial notes

[^c5242131]: 2004 c. 6.

[^c5242161]: 1986 c. 53.

[^c5242171]: Number 17 of 1989.

[^c5242181]: 2000 c. 8.

[^c5242191]: 1972 c. 65.

[^c5242201]: O.J. L271, 9.10.2002, p. 16.

[^c5242211]: 1984 c. 12.

[^c5242231]: 1992 c. 12.

[^c5242241]: 1992 c. 40.

[^c5242261]: 1970 c. 9.

[^c5242271]: S.I. 2001/1228.

[^c5242301]: O.J. L271, 9.10.2002, p. 16.

[^c5242321]: 1942 c. 21; the relevant amendment to section 47 was made by section 202(2) of the Finance Act 1996 (c. 8).

[^c5242341]: 1968 c. 13.

[^c5242351]: 1972 c. 65.

[^c5242361]: S.I. 2001/544.

[^c5242371]: 2000 c. 8.

[^c5242391]: 1988 c. 1; section 431B was inserted by paragraphs 2 and 57 of schedule 8 to the Finance Act 1995 (c. 4).

[^c5242411]: S.I. 2001/544.

[^c5242431]: 1986 c. 45.

[^c5242441]: 2002 c. 21.

[^c5242451]: 1970 c. 9.

[^c5242521]: 1992 c. 12.

[^c5242531]: 1970 c. 9.

[^key-8fdf693f2ae19c79ad31b10f04aeba30]: Reg. 33A inserted (6.4.2005) by The Child Trust Funds (Amendment No. 2) Regulations 2004 (S.I. 2004/3382), regs. 1, 5

[^key-b0e1b50e222d77b5eade3bc89ce70016]: Reg. 18A inserted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 12

[^key-951df23ce3206f13516c81345a02e040]: Sch. paras. 2(2)(ba)(bb) inserted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 15(c)

[^key-aef3a58b685184258eef75e23426339d]: Sch. para. 2(2)(a)(via) inserted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 15(a)

[^key-9700daf5a7f3fc21f91f8196b6c43c8b]: Words in Sch. para. 2(2)(b) inserted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 15(b)(i)

[^key-7a316936b30408c4548a378f69651326]: Word in Sch. para. 2(2)(b) omitted (6.4.2005) by virtue of The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 15(b)(i)

[^key-c81964015afc9e2b9567b3afe6b9d9df]: Words in Sch. para. 2(2)(b) omitted (6.4.2005) by virtue of The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 15(b)(ii)

[^key-a2043f2817e2848304ffc4cfef4bee47]: Words in Sch. para. 2(2)(c) inserted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 15(d)

[^key-418528dc96809bd923e6a883bc9d77e9]: Word in Sch. para. 2(2)(c) omitted (6.4.2005) by virtue of The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 15(d)

[^key-095a33098c04198140a12d61c1a9cf13]: Words in Sch. para. 2(3) inserted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 15(e)

[^key-ff56b0bf38de58a190944c246465242d]: Sch. para. 2(2)(baa) inserted (6.4.2005) by The Child Trust Funds (Amendment No. 2) Regulations 2004 (S.I. 2004/3382), regs. 1, 6(a)

[^key-3097dac4023c3aff5a535eccc94bcbc6]: Words in Sch. para. 2(2)(bb)(i) substituted (6.4.2005) by The Child Trust Funds (Amendment No. 2) Regulations 2004 (S.I. 2004/3382), regs. 1, 6(b)

[^key-c512bb99f0cfde39ea38add3b85ed9b8]: Word in Sch. para. 2(2)(bb)(ii) omitted (6.4.2005) by virtue of The Child Trust Funds (Amendment No. 2) Regulations 2004 (S.I. 2004/3382), regs. 1, 6(c)

[^key-372f8b2dfd74dbdc3b0459663f7cd341]: Words in reg. 2(1)(b) inserted (6.4.2005) by The Child Trust Funds (Amendment No. 2) Regulations 2005 (S.I. 2005/909), regs. 1, 3

[^key-c71cebaf4f70783ae955c8bc197535e7]: Words in reg. 2(1)(b) inserted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 3

[^key-299765d88e107cce619432813355eacc]: Reg. 6(5) added (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 4

[^key-0c5c1c153dfcc713ea847318fd1903d8]: Reg. 7(10)(11) added (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2005 (S.I. 2005/383), regs. 1, 3

[^key-552dc751c290ff5bd49ab1d78dcf5d0c]: Reg. 7(9) added (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 5(b)

[^key-9d28056aabd55778ef2cdf50dc4dc7bc]: Words in reg. 7(4) substituted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 5(a)

[^key-360ebe1cb555e8d39f08f6ac1453a20a]: Reg. 8(2)(ha) inserted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 6

[^key-88951e8d89af47f25b4b76d22d923379]: Reg. 10(5) added (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 7(c)

[^key-e618a4095a4307fd509d7d5cc2a92382]: Words in reg. 10(4)(i) substituted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 7(b)

[^key-3087ff0ab67049381f85bc3fd22fca39]: Words in reg. 11(5) inserted (6.4.2005) by The Child Trust Funds (Amendment No. 2) Regulations 2005 (S.I. 2005/909), regs. 1, 4

[^key-1a3f1a56008ea186a09631b52582bee1]: Words in reg. 12(9)(b)(iii) added (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 8

[^key-3567583276d336ed3b113b0779854f97]: Reg. 13(11) added (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 9(c)

[^key-06556233110372b927d1db8bcd510e2d]: Words in reg. 13(11) added (6.4.2005) by The Child Trust Funds (Amendment No. 2) Regulations 2004 (S.I. 2004/3382), regs. 1, 3

[^key-97c54228872d35b90f4c7eca36045809]: Words in reg. 13(3)(b)(i) inserted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 9(a)

[^key-783042fa32e5bd006d39f5be4bbdd035]: Words in reg. 13(5)(c) added (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 9(b)

[^key-76f844ceead1fd0a4e6a83a9f785cee8]: Words in reg. 14(3) substituted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 10

[^key-df0fdae92b33fa7b139f7390c0eec9a7]: Words in reg. 14(2)(b)(ii) inserted (6.4.2005) by The Child Trust Funds (Amendment No. 2) Regulations 2005 (S.I. 2005/909), regs. 1, 6

[^key-b33708f0aca10b05349400303f5658ae]: Reg. 14(2)(b)(iia) inserted (6.4.2005) by The Child Trust Funds (Amendment No. 2) Regulations 2005 (S.I. 2005/909), regs. 1, 7

[^key-56ae95dd9a6a8ab01948d3dca4f59124]: Reg. 14(2)(d)(ia) inserted (6.4.2005) by The Child Trust Funds (Amendment No. 2) Regulations 2005 (S.I. 2005/909), regs. 1, 8

[^key-a3df2b27987c9f1f613e8e5b10b5f052]: Reg. 18(ab) inserted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 11

[^key-7080c68d8ab3acfa47f6b6b3d656070c]: Reg. 21(3A) inserted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 13(b)

[^key-8d75d96e4c8f58b5b3015000c6aeec4e]: Words in reg. 21(3)(a) substituted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 13(a)

[^key-9d98686210b178ae9ed5880c1e04fac6]: Reg. 22(2)(c) and preceding word inserted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2005 (S.I. 2005/383), regs. 1, 4(a)

[^key-ea017d0c8a3316d985d3233bd5d52efb]: Words in reg. 22(2) inserted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2005 (S.I. 2005/383), regs. 1, 4(b)

[^key-f92c03bc624863fea2bfdcc333f26370]: Reg. 32(2)(a)(i)(ii) omitted (6.4.2005) by virtue of The Child Trust Funds (Amendment No. 2) Regulations 2005 (S.I. 2005/909), regs. 1, 9

[^key-99797b2826676c406a441b791d7375d6]: Words in Sch. para. 3(5)(a) added (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 15(f)

[^key-fd39603efda5307ac24c3845bcd2ec63]: Sch. para. 3(5)(aa) inserted (6.4.2005) by The Child Trust Funds (Amendment) Regulations 2004 (S.I. 2004/2676), regs. 1, 15(g)

[^key-185a5ca787066d0d0916cc8630a05f82]: Words in reg. 11(4)(b)(ii) inserted (5.12.2005) by The Civil Partnership Act 2004 (Tax Credits, etc.) (Consequential Amendments) Order 2005 (S.I. 2005/2919), arts. 1, 15(2)

[^key-18900b5104d11eb3b415b183c8a858d8]: Words in reg. 2(1)(b) substituted (27.12.2005) by The Child Trust Funds (Amendment No. 3) Regulations 2005 (S.I. 2005/3349), regs. 1, 3(a)

[^key-e4a18ff65dea69c99bc756ffdc1632e6]: Words in reg. 2(1)(b) inserted (27.12.2005) by The Child Trust Funds (Amendment No. 3) Regulations 2005 (S.I. 2005/3349), regs. 1, 3(b)

[^key-ebab61c1bcb3e3be926c0007cd702655]: Words in reg. 6(4) substituted (27.12.2005) by The Child Trust Funds (Amendment No. 3) Regulations 2005 (S.I. 2005/3349), regs. 1, 4

[^key-e55473ca77dff69e0f23a3ec3bec1e2c]: Reg. 12(2)(o)-(q) added (27.12.2005) by The Child Trust Funds (Amendment No. 3) Regulations 2005 (S.I. 2005/3349), regs. 1, 5

[^key-bb01a7e3be1d5d8b8d764cb7c1b7a9cd]: Reg. 14(2)(d)(ia) renumbered as reg. 14(2)(d)(iia) (27.12.2005) by The Child Trust Funds (Amendment No. 3) Regulations 2005 (S.I. 2005/3349), regs. 1, 6

[^key-ebe3d6c7a30c9bf40d8493fde3bec586]: Reg. 24(a)(ia) inserted (27.12.2005) by The Child Trust Funds (Amendment No. 3) Regulations 2005 (S.I. 2005/3349), regs. 1, 7(a)

[^key-af8a38c08bfac3966a6735a7e397c18f]: Words in reg. 24(c)(iii) substituted (27.12.2005) by The Child Trust Funds (Amendment No. 3) Regulations 2005 (S.I. 2005/3349), regs. 1, 7(b)

[^key-35d76808d3371af9b2839260b328f807]: Words in reg. 24(f) substituted (27.12.2005) by The Child Trust Funds (Amendment No. 3) Regulations 2005 (S.I. 2005/3349), regs. 1, 7(c)

[^key-a879c31954f790e15e928e156bbb031d]: Words in reg. 3(3) omitted (7.2.2006) by virtue of The Child Trust Funds (Amendment) Regulations 2006 (S.I. 2006/199), regs. 1, 3

[^key-f740f36efa2fa68be95989a7d8105dd8]: Reg. 5(1A) inserted (7.2.2006) by The Child Trust Funds (Amendment) Regulations 2006 (S.I. 2006/199), regs. 1, 4(b)

[^key-9f71aaedecb1b24aec5fdc30c45c6474]: 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)

[^key-288f0f30b966fdb829a4b7c401844ddf]: 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)

[^key-230a5dab4c17d450e8fe25485abf8b80]: Words in reg. 33A(2) added (31.10.2006) by The Child Trust Funds (Amendment No. 2) Regulations 2006 (S.I. 2006/2684), regs. 1, 5

[^key-54673325e342050f7c69ffbaf79a0f6b]: Words in Sch. para. 2(2)(ba) added (31.10.2006) by The Child Trust Funds (Amendment No. 2) Regulations 2006 (S.I. 2006/2684), regs. 1, 6

[^key-547aa87072cc2f2ca5de792a9d180fd4]: Words in reg. 2(1)(b) inserted (1.1.2007) by The Child Trust Funds (Amendment No. 3) Regulations 2006 (S.I. 2006/3195), regs. 1, 3

[^key-91416bb6f52c9f3b28b942a0a8f1e44d]: Reg. 24(ba) inserted (1.1.2007) by The Child Trust Funds (Amendment No. 3) Regulations 2006 (S.I. 2006/3195), regs. 1, 5

[^key-c0f1f98b4a2d814b04bc4f187c109877]: Words in reg. 24(a)(i) added (1.1.2007) by The Child Trust Funds (Amendment No. 3) Regulations 2006 (S.I. 2006/3195), regs. 1, 4(a)

[^key-46868cf7dab36f3241a41e68953202be]: Reg. 24(a)(ib) inserted (1.1.2007) by The Child Trust Funds (Amendment No. 3) Regulations 2006 (S.I. 2006/3195), regs. 1, 4(b)

[^key-966681bee957ecc6f2b8f01ceb11acff]: Words in reg. 28(3) omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 127(2)(a)

[^key-a3ccab32b5ee6a3f7f8c29df5ddc4e3f]: Words in reg. 28(3) omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 127(2)(b)

[^key-91b41ea0c03de8bc96a09d3b86be6dbe]: Words in reg. 28(5) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 127(3)

[^key-72ddbd7b7c1d1489e5c2eecf5ff87dc9]: Words in reg. 2(1)(a) added (with effect in accordance with reg. 1(2) of the amending S.I.) by The Child Trust Funds (Amendment) Regulations 2009 (S.I. 2009/475), regs. 1(1), 3

[^key-ae17c07189a25fb23ed55f2932e9ab05]: 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

[^key-679dc6dc888ff07a7d12e0ccbf1a9a5f]: Reg. 7(10A)-(10C) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Child Trust Funds (Amendment) Regulations 2009 (S.I. 2009/475), regs. 1(1), 4(a)

[^key-3cd7fa9d1ac2488bdec21e7f8366c898]: Words in reg. 7(11) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Child Trust Funds (Amendment) Regulations 2009 (S.I. 2009/475), regs. 1(1), 4(b)

[^key-9f59d9c65d597416d2706eac381ff337]: Words in reg. 22(2)(a) inserted (6.4.2009) by The Child Trust Funds (Amendment) Regulations 2009 (S.I. 2009/475), regs. 1(1), 6(a)

[^key-74f0eeb6ab26fcdaa3b3a0155f1fb14f]: Words in reg. 22(2)(c) inserted (6.4.2009) by The Child Trust Funds (Amendment) Regulations 2009 (S.I. 2009/475), regs. 1(1), 6(b)(i)

[^key-ab78a4e4dda2bcc1e632b30f8139d96f]: Words in reg. 22(2)(c) substituted (6.4.2009) by The Child Trust Funds (Amendment) Regulations 2009 (S.I. 2009/475), regs. 1(1), 6(b)(ii)

[^key-2758dae3d2715da07f18408da44a1a59]: Reg. 7B inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Child Trust Funds (Amendment No. 2) Regulations 2010 (S.I. 2010/836), regs. 1(1), 3

[^key-aa6323a9f6ae7e506d3b2c6cfbfa199b]: Words in reg. 22(2)(c) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Child Trust Funds (Amendment No. 2) Regulations 2010 (S.I. 2010/836), regs. 1(1), 4

[^key-e89f4b795c9553fa40e9ad35d5b4763d]: Words in reg. 11(1)(a) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 4(a)(i)

[^key-1f961c1f48edc59f972dc6a18e980477]: Words in reg. 11(1)(a) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 4(a)(ii)

[^key-3cd971e74b1bc7559e69c12a39aa23df]: Words in reg. 11(1)(b) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 4(b)(i)

[^key-0ba4777b8d067edba8b447a737d81b09]: Words in reg. 11(1)(b) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 4(b)(ii)

[^key-c115a6b112e3ea7f552f158212c79cc9]: Words in reg. 12(2)(k) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 5(e)

[^key-e2fcb3c76972c359c2a7fdeddb93c34e]: Word in reg. 12(2)(b)(i) added (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 5(a)(i)

[^key-16833ab1690a8d35f65dca868f803c9a]: Reg. 12(2)(b)(iii) and preceding word omitted (6.4.2010) by virtue of The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 5(a)(ii)

[^key-84f0765e744998bdaa2f2831271a4812]: Words in reg. 12(2)(f) omitted (6.4.2010) by virtue of The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 5(b)

[^key-1c1335ed95340695c1455795d59694aa]: Reg. 12(2)(g)(h) omitted (6.4.2010) by virtue of The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 5(c)

[^key-a9b0a232fc3647cbd3fd5a24131b930c]: Reg. 12(2)(i) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 5(d)

[^key-a2c79fa8fc833c71ee842bb08cda32f0]: Reg. 12(6) omitted (6.4.2010) by virtue of The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 5(f)

[^key-6bd3739d1f23f0b8dae29c14f9c46f5a]: Words in reg. 12(9)(d)(ii) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 5(g)

[^key-75bfae8a95b48500696957d8c2fd1c00]: Reg. 12(12)(b)(i) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 5(h)

[^key-5c9ec40eae82e6fadb24bf4cde686b11]: Reg. 13(7)(da)(db) inserted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 6(a)

[^key-4416d26cc6b58e3688a5783a9aa000f5]: Words in reg. 13(7) added (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 6(b)

[^key-f600f875d872e7c922c59d6a28fa5146]: Words in reg. 14(2)(d)(iii) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 7(a)

[^key-344f606313c4b008add9844356b93e8b]: Words in reg. 15(2)(a) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 8

[^key-295e274d3368f25c23c0bef0bde85fef]: Reg. 16(4) added (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 9

[^key-e81529f1550a78fbd8c58a4c0155642f]: Reg. 20(1)(b)(c) substituted for reg. 20(1)(b)-(d) (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 10(a)

[^key-982c8f2dfaa185225804ce7aab3ba7ec]: Words in reg. 20(1)(e) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 10(b)

[^key-f587bd6deb03606c2b4b4b2e2d11de74]: Words in reg. 20(1)(e)(i) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 10(c)

[^key-0f9bd017ce23325d76410a170545e682]: Words in reg. 20(3)(a) inserted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 10(d)

[^key-b35a63595c120b0af66b1142323d5d89]: Words in reg. 38 title inserted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 18(a)

[^key-41a934199f06cf487b59f5ec2dbb33eb]: Words in reg. 38(4) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 18(b)

[^key-ed7e740c076d9e9c080df66d8acedd77]: Reg. 38(5) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 18(c)

[^key-77d77c2bfa50c126b78030c2b54ba6b8]: Word in reg. 38(9) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 18(d)

[^key-5a9bd8714ee3237eec403d8f0b11f360]: Word in reg. 38(10)(a) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 18(d)

[^key-1265c7ec0c8303608aef871bb4d67369]: Words in reg. 38(10)(b) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 18(e)

[^key-227dff848242c965d3b44f53d09d2670]: Words in reg. 2(1)(b) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 3(1)(a)

[^key-bbb85b8cf997ec83e08a9ccf5f32659d]: Words in reg. 2(1)(b) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 3(1)(b)

[^key-e26852333afd8a027ce49a676e98b9a6]: Words in reg. 2(1)(b) omitted (6.4.2010) by virtue of The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 3(1)(d)

[^key-b4ff71268d78982ca858eb86c9dbeaa2]: Word in reg. 2(1)(b) omitted (6.4.2010) by virtue of The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 3(1)(e)

[^key-5caef43873b29c0389419faa91e3d526]: Words in reg. 2(1)(b) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 3(1)(f)

[^key-1bbfa21738ae69df0ec743c5b6ddc47f]: Words in reg. 2(1)(c) omitted (6.4.2010) by virtue of The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 3(2)(a)

[^key-ab185d07cba84585dd3a16e840e5c10d]: Words in reg. 2(1)(c) omitted (6.4.2010) by virtue of The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 3(2)(b)

[^key-3d5b17d89843113ea4361d0169b8186b]: Reg. 21(5)(b)(v) and preceding word added (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 11

[^key-417e2d6ff4f2d8aa770319942e5f3a4d]: Words in reg. 24(c) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 12(d)

[^key-9a22df0a2dcfe9639d4ac1fbb4481b51]: Words in reg. 24(a)(ii) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 12(a)

[^key-2a9a84bd4c9642f61f2d74d94a9b331e]: Reg. 24(a)(iv) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 12(b)

[^key-f30828b9993492217764d99f3e42f6be]: Words in reg. 24(a)(v) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 12(c)

[^key-4bfbd97063fe0a926f919bb24c525a4a]: Words in reg. 25(3) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 13

[^key-1df4968d0d8b6be6c1b7a761abd3c7f8]: Reg. 32(2A) inserted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 14

[^key-4c34db5163a1628959ae1c1f6f3f4772]: Regs. 34, 35 omitted (6.4.2010) by virtue of The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 16

[^key-6eec4cb56427e530fbed87df1dfc3060]: Words in reg. 37(5)(a) substituted (6.4.2010) by The Child Trust Funds (Amendment) Regulations 2010 (S.I. 2010/582), regs. 1, 17(a)