63 Child trust funds: safeguards for children's interests
Deregulation Act 2015 (2015 c 20) | Legislation

63  Child trust funds: safeguards for children's interests

After section 7B of the Child Trust Funds Act 2004 (as inserted by section 62) insert—

“Powers to safeguard interests of children

7C Powers to safeguard interests of children

(1)     The Treasury may make regulations under this section if the Treasury think it appropriate to do so for the purpose of safeguarding the financial interests of children, or any group of children, who hold child trust funds.

(2)     The regulations may authorise the Treasury to permit withdrawals from—

(a)     any child trust funds;

(b)     any child trust funds held with an account provider that is prescribed, or of a description prescribed, in the regulations.

(3)     The regulations may authorise the Treasury to require any account provider or any account provider that is prescribed, or of a description prescribed, in the regulations to take one or more of the following steps

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