To ask the Chancellor of the Exchequer what provisions apply to the utilisation of child trust funds by parents through credit unions in (a) England and Wales, (b) Scotland and (c) Northern Ireland; and if he will make a statement. (203229)
The rules by which credit unions must abide to be a child trust fund provider are set out in the Child Trust Fund Regulations 2004 (S.I. 2004/1450) as amended. These rules apply across the whole of the UK.