| Guvnor

Status: In Force
Penalty ceiling: Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Financial Services Firm3

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Financial Services Firm — also bound by 167 other Acts

Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision (Text with EEA relevance) 63 duties

Friendly Societies Act 1992 52 duties

Commission Delegated Regulation (EU) No 153/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties (Text with EEA relevance) 52 duties

The Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges , Clearing Houses and Central Securities Depositories ) Regulations 2001 50 duties

The Credit Unions (Northern Ireland) Order 1985 43 duties

What it requires

Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.005 Opening by responsible person or child Regulated

Other duties (1) — Crown / regulator

HMRC must issue child trust fund vouchers for eligible childrenCrown / Minister / Government department

s.006 Opening by Inland Revenue Regulated

Account providers must open Child Trust Funds when chosen by HMRCFinancial Services Firm

s.008 Initial contribution by Inland Revenue Regulated

Credit child trust fund with HMRC payment on receiptFinancial Services Firm

s.009 Supplementary contribution by Inland Revenue Regulated

Account providers must credit Child Trust Fund with supplementary paymentFinancial Services Firm

30 other provisions — procedural and definitional

s.001 Child trust funds

s.002 Eligible children

s.003 Requirements to be satisfied

s.004 Inalienability

s.007 Transfers

s.007 Transfers to other accounts for children

s.007 Transfers on child reaching 18

s.007 Powers to safeguard interests of children

s.010 Further contributions by Inland Revenue

s.011 Recouping Inland Revenue contributions

s.012 Subscription limits

s.013 Relief from income tax and capital gains tax

s.014 Insurance companies and friendly societies

s.015 Information from account providers etc.

s.016 Information about children in care of authority

s.017 Use of information

s.018 Disclosure of information

s.019 Payments after death of child

s.020 Penalties

s.021 Decisions, appeals, mitigation and recovery

s.022 Rights of appeal

s.023 Exercise of rights of appeal

s.024 Temporary modifications

s.025 Northern Ireland

s.026 Money

s.027 Commencement

s.028 Regulations and orders

s.029 Interpretation

s.030 Extent

s.031 Short title

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

Child Trust Funds Act 2004

Does it bind you?

Other Acts binding the same actors

What it requires