Is there a regulation prohibiting the use of inflatable PFDs by those under the age of 16?

Checking on the Office of Boating Safety website, specifically http://uscgboating.org/recreational-boaters/life-jacket-wear-wearing-your-life-jacket.php, it states:
"Coast Guard Approved Inflatable lifejackets are authorized for use on recreational boats by person at least 16 years of age".

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Updated 5 November 2015 per Dir-R