The Child Trust Funds Act 2004 is amended as follows.
After section 7 insert—
After section 7A (as inserted by subsection (2)) insert—
In section 3 (requirements to be satisfied), in subsection (4)(d), after "regulations" insert ." under this section or any other provision of this Act "
In section 20 (penalties), in subsection (7)(b), after "7" insert ." , 7A, 7B "