The Child Trust Funds Act 2004 (Commencement No. 1) Order 2004

• Citation: S.I. 2004/2422
• Sections: 2

Section 1 Citation and interpretation

(1) This Order may be cited as the Child Trust Funds Act 2004 (Commencement No. 1) Order 2004.

(2) In this Order—

“account” means an account which (from the appointed day) is capable of being a child trust fund (within the meaning in the Act );

“the Act” means the Child Trust Funds Act 2004;

“the appointed day” means the day appointed under section 27 of the Act for the purposes of sections 8 and 9 of the Act.

Section 2 Commencement of certain provisions of the Act

The following provisions of the Act shall come into force on 1st January 2005 for the purposes mentioned in relation to each provision:

To allow accounts to be opened, and contracts with an account provider for their management to be signed, save that the account is only to be:

a child trust fund, or

subscribed to and operated,

from the appointed day.

Where a voucher has been issued before the appointed day under section 5(1) of the Act, to allow accounts to be opened, save that the account is only to be:

a child trust fund, or

subscribed to and operated,

from that day.