Regulation of child trust funds
61Management of child trust funds: children 16 or over
1
Section 3 of the Child Trust Funds Act 2004 (requirements to be satisfied) is amended as follows.
2
In subsection (6), for paragraphs (a) and (b) substitute—
a
if the child is 16 or over and has elected to manage the child trust fund, is the child;
b
in any other case, is the person who has that authority by virtue of subsection (7) (but subject to subsection (10)).
3
In subsection (8), omit “under 16” (where it first occurs).
4
In subsection (10), omit “under 16”.