The Child Trust Funds (Amendment No. 4) Regulations 2010

• Citation: S.I. 2010/2599
• Sections: 3

Section 1 Citation and commencement

These Regulations may be cited as the Child Trust Funds (Amendment No. 4) Regulations 2010 and shall come into force on 16th November 2010.

Section 2 Amendments to the Child Trust Funds Regulations 2004

Regulation 16 of the Child Trust Funds Regulations 2004 (account provider – withdrawal by Board of approval) is amended as follows.

Section 3 Amendments to the Child Trust Funds Regulations 2004

(1) After paragraph (2) of regulation 16 insert—

(2A) Where paragraph (2B) applies, a term of an undertaking given in accordance with regulation 14(2)(b) shall not be taken as not satisfied only by reason that the person to whom the Board’s approval as an account provider has been given does not accept vouchers.

(2B) This paragraph applies where—

(a) a person does not accept any voucher after a day specified by that person; and

(b) no less than 30 days before the specified day, notice in writing is given to the Board of the person’s intention not to accept vouchers after that day.