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The National Savings (No. 2) Regulations 2015

Type Statutory-Instrument

Publication 2015-03-10

Last updated 2025-03-20

State In force

Department King's Printer of Acts of Parliament

Source legislation.gov.uk

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(a) an amount equal to the purchase price must be paid to the holder; and

(b) any other amount which was payable under the terms and conditions applying to the Children’s Bond may be paid to the holder as the Director of Savings considers appropriate.

(4) The Director of Savings may make a payment under paragraph (3) by any means, which may include crediting the amount to an account in the name of the holder in the National Savings Bank.

CHAPTER 2 — Interest and payments

Accrual of interest

61

(1) This regulation applies in relation to—

(a) a Children’s Bond; and

(b) a Children’s Bonus Bond from and including the anniversary of its date of purchase that falls after 19th September 2012 and before 20th September 2013.

(2) The amount of interest accruing on a particular day in relation to a children’s certificate to which this regulation applies must be calculated using the following formula—

A = (V × I%)/365

where—

A is the amount of interest accruing in respect of the children’s certificate on the particular day;

V is the capital value of the certificate on that day; and

I% is the annual rate of interest fixed for the current term of the certificate, excluding any bonus that may apply.

No bonus on Children’s Bonds

62

No bonus is payable in relation to Children’s Bonds.

Applications for payment

63

(1) An application for payment of the amount repayable in relation to a children’s certificate must be made by a holder of a children’s certificate having attained the age of sixteen years in the approved form (subject to the provisions of these Regulations relating to payment in the case of special classes of persons).

(2) An application made in relation to a Children’s Bonus Bond may include a request for payment to be made on a specified date that is, unless the Director of Savings otherwise agrees, not more than two months after the date on which the application was made.

(3) In the case of a multiple children’s certificate, an application may be made in relation to any number of the unit certificates represented by that multiple certificate.

(4) An application for payment of part of a Children’s Bond may only be accepted if the capital value of the remaining part would be in that event equal to or greater than £25, or a greater value as may be specified in the terms and conditions applying to the Children’s Bond.

(5) A holder of a children’s certificate, having attained the age of sixteen years, may not, unless the Director of Savings is satisfied that it is appropriate, authorise any person to apply for or receive on the holder’s behalf payment of the amount repayable in respect of that certificate.

Making payments

64

(1) A person making an application under regulation 63 may request that payment be made—

(a) by crossed warrant;

(b) by electronic transfer; or

(i) purchase, in the name of the holder, any other description of Treasury security; or

(ii) make a deposit in the National Savings Bank.

(2) The Director of Savings may refuse a request under paragraph (1) if—

(i) it is not permitted under the terms and conditions applying to the children’s certificate; or

(ii) the request falls under paragraph (1)(c).

(3) Each application must be treated as authority for the Director of Savings to make payment in accordance with that application.

(4) Where the Director of Savings has initiated a payment, the authority to make that payment is not terminated by—

(a) the death of the person who made the application; or

(b) any notice purporting to terminate that authority.

(5) For the purpose of determining the amount repayable in relation to a children’s certificate, a payment of that amount by crossed warrant shall be deemed to happen on the date on the warrant.

(6) Subject to paragraph (7), the date on a warrant must—

(a) unless the holder has requested a later date, be not more than 31 days from the date on which the application for payment was received by the Director of Savings; or

(b) where the holder has requested a later date (under regulation 99(2)), the date on the warrant must be no later than that date, except that the Director of Savings may set a different date (being not more than 10 days after the requested date) if satisfied, having regard to the terms on which the children’s certificate was issued, that setting the different date would be in the interests of the holder.

(7) If the Director of Savings is satisfied that it is, or was, not practicable to dispatch the warrant in time to enable payment to be made on a date within paragraph (6), then the date on the warrant must be no later than the earliest date by which the Director of Savings is satisfied it would be practicable for the payee to obtain payment (and “payment” shall include paying in the warrant at a bank or other institution).

Record of partial repayments

65

(1) This regulation applies in relation to—

(a) a Children’s Bond; and

(b) a Children’s Bonus Bond from and including the anniversary of its date of purchase that falls after 19th September 2012 and before 20th September 2013.

(2) Where part of a children’s certificate to which this regulation applies has been repaid, the Director of Savings must promptly make available to the holder a record of—

(a) the amount repaid;

(b) the capital value of the part of the certificate that has not been repaid;

(d) the date on which the current term of that certificate will end.

(3) Nothing in the terms and conditions applying to a children’s certificate to which this regulation applies shall require the Director of Savings to issue that certificate in documentary form.

Payments in the case of holders under sixteen years of age

66

(1) Subject to paragraph (2) and to regulation 67, no repayment may be made in relation to a children’s certificate held by a person under the age of sixteen years.

(2) Where a person holding a children’s certificate is a person under the age of sixteen years, other than a person who lacks capacity, the Director of Savings may pay the whole or part of the amount repayable to a person—

(a) who has made an application for payment; and

(b) appears to the Director of Savings to be a proper person to receive payment.

Payments in the case of persons who lack capacity

67

(1) An application for payment of the amount repayable in relation to a children’s certificate held by a person who lacks capacity must be made by that person’s deputy.

(2) Where it appears to the Director of Savings that no deputy has been appointed, the Director of Savings may, upon it being shown that it is expedient to do so, pay the amount repayable in relation to that certificate (or part of it) to a person who the Director of Savings is satisfied will apply it for the maintenance or otherwise for the benefit of that holder.

Payments in the case of bankrupts

68

Where it appears to the Director of Savings that—

(a) a bankruptcy order has been made against a holder of a children’s certificate;

(b) a trustee has been appointed in the bankruptcy of a holder; or

Applications for early repayment

69

(1) This regulation applies where—

(a) an application is made for payment of the whole or part of the amount repayable in relation to a Children’s Bond, except an application made in the event of the death of the holder; and

(b) the application is made before the end of the term which is current on the date the application is received.

(2) Subject to paragraph (3), the Director of Savings must deduct from the amount that would otherwise have been payable an early repayment penalty calculated as follows—

P = R × I% × (90/365)

where—

P is the early repayment penalty;

R is the amount of the payment requested in the application; and

I% is the annual rate of interest fixed for the current term.

(3) The Director of Savings may decide not to deduct the early repayment penalty if satisfied that, in the particular circumstances, it would be unjust.

(4) For the purposes of regulation 73, where a payment has been made subject to the deduction of an early repayment penalty, the Director of Savings shall be treated as having paid the whole of the amount repayable in relation to the Children’s Bond.

Prohibition on transfers

70

No transfer may be made of a children’s certificate either during the life, or on the death, of the holder of that certificate.

PART 6 — Common provisions

CHAPTER 1 — Protections

Notice of trust not receivable by Director of Savings

71

(1) For the purposes of these Regulations—

(a) no notice of a trust can be received by the Director of Savings in relation to a bond;

(b) no notice of a charge, trust or other equitable interest can be received by the Director of Savings in relation to—

(i) a certificate; or

(ii) a children’s certificate;

(i) a trust;

(ii) the fiduciary character of a holder; or

(iii) a fiduciary obligation attaching to the holding of the certificate,

by reason that the certificate is held in the name of a person as trustee, whether jointly with another person or solely.

(2) As to stock, see regulation 35.

Powers of attorney

72

(1) Where, under a power of attorney, the donee of the power makes, or joins in making, an application for the transfer or repayment of stock standing in the name of the donor (or in the donor’s name jointly with any other person),

the Director of Savings may act according to the application for the purposes of these Regulations.

(2) Despite it appearing—

(a) from the power of attorney;

(b) from any evidence required for the purposes of the power of attorney;

(d) otherwise,

that stock is held on trust, the Director of Savings in making a transfer or payment under paragraph (1) shall not be affected with any notice of the trust.

(3) When a donee, in making an application for the transfer or repayment of stock in accordance with these Regulations, purports to act under a power of attorney, that shall be conclusive evidence for the Director of Savings that the donee is authorised by the power of attorney, unless the Director of Savings has notice otherwise at the time.

Indemnity of the Treasury, Director of Savings and officers

73

(1) The Treasury, the Commissioners, the Director of Savings, and any person acting under the Director of Savings’ authority shall not be liable in relation to any payment made or act done in accordance with these Regulations and any such payment shall be deemed to have been a valid payment.

(2) Subject to paragraph (3), where a payment of an amount is made—

(a) in relation to new stock, a rolled-over certificate or a certificate purchased after 19th September 2012, by warrant or electronic transfer;

(b) in relation to a deposit, a bond, or any other stock or certificate, by warrant;

(i) in relation to a Children’s Bond, by crossed warrant or electronic transfer;

(ii) in relation to a Children’s Bonus Bond, by crossed warrant,

to a person who is not entitled under these Regulations to receive it, the payment is deemed to have been made to a person entitled to receive it.

(3) Paragraph (2) is subject to the payment having been made—

(a) in good faith and without negligence; and

(b) in consequence of some act or omission on the part of the holder of the bond, stock, certificate, or children’s certificate, or the person entitled to payment.

(4) The Treasury and the Director of Savings shall not be responsible for the misapplication of any amount payable on a warrant by—

(a) a friendly society, charitable society or other society (including an unincorporated body of persons), body corporate, or corporation sole, or by a trustee, director, officer or representative of any such society, body or corporation;

(b) an officer or representative of a government department or public authority; or

or anyone authorised by those persons to receive payment.

(5) Where a payment is made under these Regulations by electronic transfer, neither the Treasury nor the Director of Savings are liable for—

(a) any delay in the completion of the payment; or

(b) any failure in the operation of the system through which the electronic transfer is made,

if it is outside the direct control of the Director of Savings.

(6) This regulation is subject to regulation 76 (saving for rights of third parties).

Receipts to be a full discharge

74

(1) The receipt of a person to whom an amount is paid in accordance with these Regulations shall be a full discharge to the Treasury and the Director of Savings for that amount.

(2) Where a payment is made by the Director of Savings in accordance with these Regulations to a body of persons, whether incorporated or not, a receipt for the payment given by any person purporting to act as an agent or officer of that body and to be authorised to receive the payment shall be a full discharge to the Treasury and to the Director of Savings for the amount.

Posting to be regarded as delivery

75

The posting of a letter containing a warrant or cash payment advice issued under these Regulations to a person at the last address given by that person to the Director of Savings shall, as regards the liability of the Treasury or the Director of Savings, be equivalent to the delivery of the warrant or cash payment advice to that person.

Saving for rights of third parties

76

(1) Nothing in these Regulations (or in any regulations they revoke, or previously revoked regulations) that operates for the protection of the Treasury, the Commissioners, the Director of Savings or the Postmaster General in relation to any payment made or act done shall operate—

(a) to prevent the recovery by a person (or that person’s representatives), to whom an amount is due by law, of that amount from a person to whom it was paid (or from the representatives of that person) by or under the direction of the Director of Savings or the Postmaster General; or

(b) to affect the rights of a person (or that person’s representatives) in relation to a bond, stock, certificate or children’s certificate against a third party.

Saving for rights of joint holders, etc.

77

(1) Nothing in these Regulations relating to joint holders of stock or certificates shall affect the mutual rights of joint holders.

(2) Nothing in these Regulations relating to a trustee shall, as between trustees or as between a trustee and a beneficiary under a trust, be deemed to authorise a trustee to act otherwise than in accordance with legal requirements applying to the trust and the terms of the instrument (if any) constituting the trust.

CHAPTER 2 — Identity, etc.

Evidence of identity

78

(1) The Director of Savings may require satisfactory evidence of the following—

(a) the identity of a person;

(b) the title of a person to money;

(i) a bond;

(ii) stock;

(iii) a certificate;

(iv) a children’s certificate; or

(v) any other document;

(d) that anything purporting to have been done under these Regulations has been done; or

(e) anything else on which the exercise of the Director of Saving’s powers or performance of duties under these Regulations depends,

and the Director of Savings may for the purpose of obtaining the evidence require a statutory declaration to be made.

(2) The Director of Savings may accept as conclusive proof of the death of the holder of a bond, stock, a certificate or children’s certificate any evidence which establishes to the Director of Savings’ satisfaction that the holder has not been heard of for a period of seven years or more (and, for the purposes of this paragraph, “holder of a bond, stock, a certificate or children’s certificate” includes any person beneficially interested at any time, whether absolutely or contingently, in the personal estate of the deceased).

Persons unable to write

79

Where a document is required by the Director of Savings or by these Regulations to be signed by a person and that person is unable to write, it is sufficient for the document to be marked by that person in the presence of a witness in a manner required by the Director of Savings.

Persons under disability

80

If a person who—

(a) holds a bond or holds stock;

(b) holds, or has an interest in, a certificate; or

Fees for birth, death, marriage and civil partnership certificates

81

Sections 10, 10A, 10B and 10C of the Savings Banks Act 1887[^f00024] (which relate to the price of a certificate of birth, death, marriage, civil partnership or a certified copy of an entry in the Civil Partnership Register required for the purpose of the Acts relating to the National Savings Bank), as amended by any Order in force under section 5 of the Public Expenditure and Receipts Act 1968[^f00025], apply for the purposes of these Regulations as they apply for the purposes of those Acts, and for the purposes of these Regulations those sections have effect as if the holder of—

(a) a bond;

(b) stock;

(d) a children’s certificate,

Obligation of secrecy

82

(1) Subject to paragraphs (2) and (3), a person employed in connection with activity arising under these Regulations may not disclose to any person, other than the Director of Savings or a person employed in putting these Regulations into effect—

(a) in relation to bonds and certificates—

(i) the name of the purchaser or holder of a bond, a certificate, or a children’s certificate; or

(ii) the number of those purchased or held by a person;

(b) in relation to stock—

(i) the name of the holder of any stock; or

(ii) the amount or description of stock subscribed for or purchased by a person; or

(2) The Director of Savings (or a person authorised by the Director of Savings for this purpose)—

(a) may disclose information to a person in connection with an offence committed in relation to a bond, stock, a certificate, or children’s certificate, or for the purpose of ascertaining whether or not an offence has been committed;

(b) is not prevented from complying with a notice served under Schedule 36 to the Finance Act 2008[^f00026] (powers of officers of Revenue and Customs to obtain information and documents and inspect business premises) or section 18 of the Taxes Management Act 1970[^f00027] (which relates to the obtaining of information as to interest paid without deduction of income tax); or

(c) in relation to children’s certificates, may issue a children’s certificate in documentary form with the name of the purchaser on it, unless the purchaser at the time of purchase requests that their name not appear.

(3) Information within paragraph (1) may be disclosed to a person under arrangements made and conditions imposed by the Director of Savings to enable that person to provide, or assist in connection with the provision of, relevant information to—

(a) a purchaser or holder of a bond, certificate or children’s certificate; or

(b) the holder of any stock,

and that person, for those purposes, is subject to the prohibition in paragraph (1) as if a person employed in putting these Regulations into effect.

(4) In paragraph (3) “relevant information” means information about investment opportunities, services or facilities available from or through the Director of Savings, including information about—

(a) the National Savings Bank;

(b) the National Savings Stock Register; or

CHAPTER 3 — Nominations

Nominations made before 1st May 1981

83

(1) For the purposes of these Regulations a nomination made after 30th April 1981 has no effect.

(2) A “nomination” means a nomination—

(a) by a holder of stock or a certificate (the “nominator”) who at the time of the nomination had attained the age of sixteen years;

(b) that was made before 1st May 1981; and

directing that, on death, the nominator’s interest devolve on one or more persons (the “nominee” or “nominees”) according to the manner specified in the nomination.

(3) A person who attested the signature of a nominator of a nomination may not benefit under the nomination.

Particulars to be furnished by nominator to Director of savings

84

(1) For the purpose of these Regulations, when a change occurs in relation to an interest to which a nomination relates, the nominator must—

(a) make the necessary corrections to the particulars in the nomination; and

(b) forward the amended nomination to the Director of Savings immediately.

(2) Where, because of the failure of a nominator to comply with paragraph (1), an amount payable under a nomination is paid, or any transfer is made, to a person other than the nominee or a person claiming through the nominee, that payment or transfer shall, subject to regulation 76, be as valid as if the nomination had not been made.

Revocation of nominations

85

(1) For the purposes of these Regulations, a nomination is revoked—

(a) on the death of the nominee, or where there is more than one nominee, of all the nominees, in the lifetime of the nominator;

(b) so far as it relates to the interest of a nominee where there are two or more nominees, on the death of that nominee in the lifetime of the nominator (unless the interest of that nominee is disposed of by the nomination);

(d) by written notice of revocation given in accordance with this regulation;

(e) if a subsequent nomination was made before 1st May 1981 by the same nominator, to the extent that subsequent nomination disposes of either the whole or part of the nominator’s interests that were disposed of by the earlier nomination,

but a nomination cannot be revoked by any other act, event or means.

(2) A notice of revocation of a nomination must—

(a) be signed by the nominator in the presence of a witness, who must attest the signature of the nominator; and

(b) be sent to the Director of Savings during the lifetime of the nominator,

without which it shall be of no effect.

(3) Despite a nomination having been revoked by the marriage of, or formation of a civil partnership by, the nominator, any payment or transfer which—

(a) is made or registered by the Director of Savings before the marriage or civil partnership is notified to the Director of Savings; and

(b) would otherwise have been lawful had the nomination not been revoked,

shall, subject to regulation 76 (saving for rights of third parties), be as valid as if the nomination had not been revoked.

Nominations which also apply to stock held in the books of the Bank of England

86

(1) This regulation applies to a nomination which, under article 18 of the National Savings Stock Register (Closure of Register to Gilts) Order 1998[^f00028], extends to any stock transferred from that register to the books of the Bank of England by article 4 of that Order[^f00029].

(2) A notice of revocation of a nomination under regulation 85, in relation to stock, shall be of no effect unless sent to the Director of Savings or the Registrar of Government Stock during the lifetime of the nominator.

(3) Where the Director of Savings or the Registrar of Government Stock receives a notice of revocation of the nomination, that person must notify and provide a copy of the notice (and reasonable access to the original) to the other.

(4) On receiving a notice (or a copy of a notice) under paragraph (3), the Director of Savings and the Registrar of Government Stock must record the revocation.

(5) Where the Director of Savings or the Registrar of Government Stock is notified of the death of a nominator, that person must notify the other.

CHAPTER 4 — Death of depositors and holders

Law applicable on the death of a holder of a bond, stock or certificate

87

On the death of a holder of—

(a) a bond;

(b) stock;

(d) a children’s certificate,

Payments under grant of representation in relation to bonds and certificates

88

(1) In the event of the death of the holder of a bond, a certificate, or a children’s certificate, the production of probate or letters of administration (or of a certified copy) granted, or having effect as if granted, in relation to personal estate including those things by a court in the United Kingdom, the Isle of Man or the Channel Islands, is sufficient authority for the Director of Savings to pay the amount repayable (or any other amount payable), or make a transfer (if applicable) for the purposes of these Regulations, to the person to whom the grant was made, or as directed by that person.

(2) Where a payment or transfer is made under this Regulation, the payment or transfer shall, despite the invalidity of, or any defect in, the probate or letters of administration, be deemed to have been lawfully made.

Payment without a grant of representation

89

(1) Where, on the death of a person—

(a) the amount repayable, or any other amount payable, to a holder of a bond does not exceed £5,000;

(b) the value of stock held solely by a person does not exceed in the aggregate £5,000 (or if death occurred before 12th August 1975, £500);

(d) the amount repayable to a holder of a children’s certificate does not exceed in the aggregate £5,000,

and no probate of the will or letters of administration to the estate are produced to the Director of Savings within what is considered by the Director of Savings to be a reasonable period, the Director of Savings may for the purposes of these Regulations pay the amount (or any part of it) in accordance with paragraph (2).

(2) The Director of Savings may pay the amount—

(a) to a person appearing to the Director of Savings to be entitled to take out probate of the will or letters of administration to the estate;

(b) where the deceased has left a will in relation to which the Director of Savings is satisfied that probate or letters of administration would be granted, to a person to whom the amount (or any part of it) would be payable under the will (as appears to the Director of Savings), if probate or letters of administration were granted;

(c) to a person who satisfies the Director of Savings of their entitlement to receive the amount (or any part of it), being—

(i) a person who has paid the funeral expenses of the deceased;

(ii) a creditor of the deceased; or

(iii) a person who has a beneficial interest in the estate of the deceased;

(d) if the deceased was a British citizen and the next of kin appears to the Director of Savings to reside outside the United Kingdom, the Isle of Man and the Channel Islands, to any officer or authority who, as appears to the Director of Savings, may be entrusted with distributing the amount properly;

(e) if the deceased was a seaman of a foreign country, being a country with which a treaty has been made in relation to the payment of money due to seamen, to the consular authority of that country;

(f) if the deceased was a foreign subject, not being a seaman to whom sub-paragraph (e) applies, to the consular authority of the country to which the deceased belonged, or to any authority who, as appears to the Director of Savings, may be entrusted with distributing the amount properly;

(g) in a case where the estate of the deceased appears to the Director of Savings to have devolved upon the Crown, the Duchy of Lancaster or the Duchy of Cornwall, to the Treasury Solicitor, the Solicitor for the affairs of the Duchy of Lancaster, or the Solicitor for the affairs of the Duchy of Cornwall respectively,

but where a person to whom an amount may be paid under subparagraph (b) or (c) has died before payment, the amount (or any part of it) may be paid to a person to whom it would be paid as if the first mentioned person was, immediately before death, a person in paragraph (1).

(3) Despite any legal requirement to the contrary, a person to whom an amount may be paid under paragraph (2)(b) or (c) (or under the proviso to paragraph (2)) may, if having attained the age of sixteen years, give a receipt for the payment in an approved manner and the receipt shall be valid without the signature of another person; but if that person by reason of age or for any other reason may not accept payment, the Director of Savings may pay the amount to a person who the Director of Savings is satisfied will apply it for the maintenance or otherwise for the benefit of that person.

(4) Subject to paragraph (3), the Director of Savings in making a payment under paragraph (2)(b) or (c) (or under the proviso to paragraph (2)) must have regard to legal requirements relating to the distribution of the estates of deceased persons, but the Director of Savings may depart from those requirements to the extent it is considered by the Director of Savings that they would cause hardship or inconvenience.

(5) In relation to stock, where a payment may be made to a person under paragraphs (1) or (2), the Director of Savings may, instead of making a payment, register the person (or another person as directed by that person), as the holder of the stock or a part of it.

(6) In relation to stock, the value of stock shall be—

(a) in the case of stock which is of a description corresponding to stock or securities transferable in the registers kept by the Registrar of Government Stock in accordance with regulations under section 47 of the Finance Act 1942[^f00030] (see regulation 7 (registers of stock and stockholders) of the Government Stock Regulations 2004[^f00031]), the market value; and

(b) in all other cases, the capital value.

(7) In this regulation “will” includes a codicil.

(8) Nothing in this regulation affects the operation of a nomination made under these Regulations.

Death duties or inheritance tax chargeable on death of holders of stock or certificates

90

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

CHAPTER 5 — Payments into and from the National Savings Bank, and unclaimed money

Payments into and from the National Savings Bank

91

(1) Subject to paragraph (2), where the Director of Savings is unable for any reason to obtain a valid discharge for a payment to be made to a person in relation to—

(a) a bond;

(b) stock;

(d) a children’s certificate,

the Director of Savings may, unless other provision for dealing with the payment has been made by an enactment, open an account in the National Savings Bank in the name of that person, and may, until payment can be made to that person, retain the amount in that account.

(2) Paragraph (1) is subject to the following—

(a) if the person to whom the payment is to be made has an account in the National Savings Bank, the Director of Savings may instead of opening a new account credit the amount to the existing account; and

(b) in the case of an account opened by the Director of Savings—

(i) no amount may be deposited to the credit of the account except under these Regulations; and

(ii) the provisions in these Regulations requiring a declaration to be made by a depositor shall not apply.

(3) For the purposes of—

(a) Regulation 23 (investment deposits) of the National Savings Regulations 2015 (to the extent it applies); or

(b) an Order under section 4 of the 1971 Act (limiting the amount of deposits in the National Savings Bank),

an amount credited to an account under this regulation is not to be counted.

(4) In relation to stock—

(a) where a payment is to be made by or to a person who is a depositor in the National Savings Bank, the Director of Savings may arrange for the payment to be made from or to that person’s account, and a depositor may for these purposes authorise the Director of Savings in the approved form to withdraw an amount from the depositor’s account;

(b) if payment of subscription money or purchase money is effected by a withdrawal under this regulation from a National Savings Bank account in the name of a person who is a trustee, the Director of Savings may register the stock in the names of the trustee and the beneficiary as joint holders.

Transfer of unclaimed money to the National Savings Bank

92

(1) This regulation applies where an amount due in relation to a bond or stock, which has been entrusted to the Director of Savings for payment, remains unclaimed.

(2) The Director of Savings—

(a) in relation to a bond, must transfer the amount to an investment account in the National Savings Bank in the name of the holder of the bond;

(b) in relation to stock, may transfer the amount to an investment account in the National Savings Bank in the name of the holder of the stock.

(3) Where the Director of Savings is unable to transfer an amount in accordance with paragraph (2)—

(a) in relation to a bond, the Director of Savings must transfer the amount to a special Director’s account in the National Savings Bank and the amount must be held on behalf of any person entitled to it;

(b) in relation to stock, the Director of Savings may transfer the amount to a special Director’s account and the amount must be held on behalf any person entitled to it.

(4) An amount in paragraph (1) is deemed to be unclaimed if a period of five years, or in the case of redemption money, two years, has elapsed since the due date, but the Director of Savings may treat any amount as unclaimed before the expiration of that period.

CHAPTER 6 — Other administrative provisions

Defective applications

93

The Director of Savings may refuse to accept an application required by these Regulations to be made in the approved form if—

(a) it does not include the full particulars required for the purposes of the application; or

(b) it is not signed by the person making the application.

Loss of documents, etc.

94

(1) The loss or destruction of—

(a) a document relating to a bond or stock;

(b) a certificate; or

issued by the Director of Savings under these Regulations, or by the Postmaster General or the Director of Savings under previous regulations since revoked, must be notified in the approved form to the Director of Savings as soon as practicable by the person entitled to possession of the document.

(2) If it appears to the Director of Savings that a document referred to in paragraph (1) has been lost or destroyed, issued in error, tampered with, or is in a condition such that it is desirable that it be replaced, the Director of Savings may issue a new document in lieu of the old document to a person entitled to possession of the document.

(3) The Director of Savings may attach to the issue of a new document conditions as to indemnity or otherwise as considered appropriate.

Rectification of mistakes

95

(1) A mistake in a document received from the Director of Savings under these Regulations, or from the Postmaster General or the Director of Savings under previous regulations since revoked, must be notified in the approved form as soon as practicable to the Director of Savings by the person receiving the document.

(2) If the Director of Savings is satisfied that a transaction or thing done (or purported to have been done) under these Regulations (or any regulations since revoked) was done in error, the Director of Savings may cancel that transaction or thing done and take the steps considered necessary to rectify the error, and may for that purpose require the surrender of any document.

CHAPTER 7 — Application, revocation and savings

Law applicable to crossed warrants

96

Section 76(1), (3), (4) and (5) (so far as it relates to crossed cheques) and sections 77(6) and 78 to 81 of the Bills of Exchange Act 1882[^f00038] (which relate to crossed cheques), and sections 3 and 4 of the Cheques Act 1957[^f00039] (which relate to unendorsed cheques as evidence of payment and to the protection of collecting bankers), apply to a crossed warrant issued under these Regulations as if it were a cheque drawn on the Director of Savings by the officer issuing the crossed warrant, but nothing in these Regulations makes a crossed warrant negotiable.

Application to Scotland

97

In the application of these Regulations to Scotland—

(a) a reference to a person who lacks capacity must be construed as a reference to a person who is incapable by reason of mental disorder within the meaning of the Mental Health (Care and Treatment) (Scotland) Act 2003[^f00040] of managing and administering that person’s property and affairs;

(b) a reference to a deputy in relation to a person who lacks capacity must be construed as a reference to a curator bonis, guardian, or tutor;

(d) a reference to the Official Receiver must be constructed as a reference to the trustee or judicial factor in bankruptcy;

(e) a reference to probate, letters of administration or letters of administration with the will annexed must be construed as a reference to confirmation of an executor;

(f) a reference to the Treasury Solicitor must be construed as a reference to the Queen’s and Lord’s Treasurer’s Remembrancer;

(g) a reference to the Chief Registrar of Friendly Societies must be construed as a reference to the Assistant Registrar of Friendly Societies for Scotland.

Application to Northern Ireland

98

In the application of these Regulations to Northern Ireland—

(a) a reference to a friendly society must be construed as a reference to a friendly society (or a branch of that society) registered or deemed to be registered under the Friendly Societies Act (Northern Ireland) 1970[^f00041];

(b) a reference to a person who lacks capacity must be construed as a reference to a person who, by reason of unsoundness of mind, or of mental disorder within the meaning of the Mental Health (Northern Ireland) Order 1986[^f00042], is or is considered incapable of managing that person’s affairs;

(c) a reference to a deputy in relation to a person who lacks capacity must be construed as a reference to a controller or other person appointed under the Mental Health (Northern Ireland) Order 1986 (and orders made under that Order) to exercise with respect to the estate of that person powers similar to those of a committee;

(d) a reference to a bankruptcy order must be construed as a reference to an order of adjudication of bankruptcy, or to an order in any arrangement operating by virtue of section 349 of the Irish Bankrupt and Insolvent Act 1857[^f00043] to vest a deposit in the Official Assignee alone or jointly with any person;

(e) a reference to the Official Receiver must be construed as a reference to the Official Assignee in Bankruptcy;

(f) a reference to the Treasury Solicitor must be construed as a reference to the Crown Solicitor for Northern Ireland.

Application to the Isle of Man

99

In the application of these Regulations to the Isle of Man—

(a) a reference to a person who lacks capacity must be construed as a reference to a person who is incapable by reason of mental disorder within the meaning of the Mental Health Act 1998[^f00044] (an Act of Tynwald) of managing and administering that person’s property and affairs;

(b) a reference to a deputy in relation to a person who lacks capacity must be construed as a reference to a deputy or other person authorised in that capacity under Part VII of that Act;

(c) a reference to the Building Societies Act 1962[^f00045] must be construed as a reference to the Industrial and Building Societies Acts 1892 to 1986 of the Isle of Man[^f00046];

(d) a reference to a bankruptcy order must be construed as a reference to a receiving order or an order of adjudication of bankruptcy;

(e) a reference to the Treasury Solicitor must be construed as a reference to Her Majesty’s Attorney General of the Isle of Man.

Application to the Channel Islands

100

(1) In the application of these Regulations to Jersey—

(a) a reference to a person who lacks capacity must be construed as a reference to a person suffering from mental disorder within the meaning of the Mental Health (Jersey) Law 1969[^f00047];

(b) a reference to a deputy in relation to a person who lacks capacity must be construed as a reference to a curator;

(c) the reference in regulation 96 to sections 3 and 4 of the Cheques Act 1957 must be construed as references to articles 3 and 4 of the Cheques (Jersey) Law 1957[^f00048];

(d) a reference to a bankruptcy order must be construed as a reference to a declaration of “desastre”;

(e) a reference to the Official Receiver must be construed as a reference to Her Majesty’s Viscount for Jersey or to an “attourne” appointed in a bankruptcy, as the case may be;

(f) a reference to the Treasury Solicitor must be construed as a reference to Her Majesty’s Receiver General for Jersey;

(g) a reference to a statutory declaration must be construed as a reference to a declaration on oath before the Bailiff, a Jurat, the Magistrate or a notary public;

(h) a nomination made by a depositor or holder of stock domiciled in Jersey of any person to receive an amount due to the depositor, or any interest in stock held by the holder, at death, shall take effect only as to that portion of the personal estate over which that person had power of testamentary disposition according to the law of Jersey, but a payment made to a nominee without notice of the depositor’s or holder’s incapacity to dispose of the whole or any portion of the estate nominated shall be a valid payment.

(2) In the application of these Regulations to Guernsey, Alderney and Sark—

(a) a reference to a person who lacks capacity must be construed as a reference to a person who under any law for the time being in force in any of the Islands of the Bailiwick of Guernsey is a person of unsound mind;

(b) a reference to a deputy in relation to a person who lacks capacity must be construed as a reference to a guardian appointed by the Royal Court of Guernsey, the Court of Alderney or the Court of the Seneschal of Sark, as the case may be;

(d) a reference to a statutory declaration must be construed as a reference to a declaration on oath before a notary public or—

(i) in Guernsey, before the Bailiff or Deputy Bailiff, a Jurat of the Royal Court or the Magistrate;

(ii) in Alderney, before a Jurat of the Court of Alderney;

(iii) in Sark, before the Seneschal;

(e) the reference in regulation 96 to section 76(1), (3), (4) and (5) (so far as it relates to crossed cheques) and sections 77(6) and 78 to 81 of the Bills of Exchange Act 1882 must be construed likewise as references to section 75(1), (3), (4) and (5) and sections 76(6) and 77 to 80 of the Bills of Exchange (Guernsey) Law 1958[^f00049], and the reference to sections 3 and 4 of the Cheques Act 1957 must be construed as a reference to sections 83 and 84 of the Bills of Exchange (Guernsey) Law 1958;

(i) in relation to bonds, for regulation 10 (payments in the case of bankrupts) substitute—

(10) Where it appears to the Director of Savings that a holder of a bond is insolvent, the Director of Savings may pay the amount repayable or any other amount payable in relation to the bond to a person the Director of Savings is satisfied is a proper person to receive payment, on application by that person.

(ii) in relation to stock, for regulation 31 (payments in the case of bankrupts) substitute—

(31) Where it appears to the Director of Savings that a sole holder of stock is insolvent, the Director of Savings may pay the amount repayable or any other amount payable in relation to the stock to a person the Director of Savings is satisfied is a proper person to receive payment, on application by that person.

(iii) in relation to certificates, for regulation 52 (payments in the case of bankrupts) substitute—

(52) Where it appears to the Director of Savings that a sole holder of a certificate is insolvent, the Director of Savings may pay the amount repayable in relation to the certificate to a person the Director of Savings is satisfied is a proper person to receive payment, on application by that person.

(iv) in relation to children’s certificates, for regulation 68 (payments in the case of bankrupts) substitute—

(68) Where it appears to the Director of Savings that a holder of a certificate is insolvent, the Director of Savings may pay the amount repayable in relation to the certificate to a person the Director of Savings is satisfied is a proper person to receive payment, on application by that person.

(g) a nomination made by a depositor or holder of stock domiciled in the Bailiwick of Guernsey of any person to receive an amount due to the depositor, or any interest in stock held by the holder, at death, shall take effect only as to that portion of the personal estate over which that person had power of testamentary disposition according to the law of the Bailiwick of Guernsey, but a payment made to a nominee without notice of the depositor’s or holder’s incapacity to dispose of the whole or any portion of the estate nominated shall be a valid payment.

Revocations and savings

101

(1) The instruments listed in Schedule 2 are revoked.

(2) Anything done under a revoked provision that could have been done under a corresponding provision in these Regulations shall not be invalidated by the revocation, but shall have effect as if done under these Regulations.

(3) These Regulations do not affect the validity of anything done by or in relation to the Postmaster General before 1st October 1969 under previously revoked provisions, and anything which at that date was in process of being done under those provisions by or in relation to the Postmaster General may be continued by or in relation to the Director of Savings.

Modifications

102

In Schedule 1 of the Contracting Out (Functions Relating to National Savings) Order 1998[^f00050]—

(a) in paragraph 4, the references to regulations 3(2), 7(1), 8(1), 19 and 30(2) and (3) of the Premium Savings Bond Regulations 1972 should be read as, respectively, references to regulations 3(2), 6(1), 7(1), 11 and 82(2) and (3) of these Regulations;

(b) in paragraph 5, the references to regulations 5(1), 8(5), 9, 22(1) and 57(2) and (4) of the National Savings Stock Register Regulations 1976 should be read as, respectively, references to regulations 16(1), 17(7), 18, 30(1), 82(2) and (3) of these Regulations;

(c) in paragraph 7, the references to regulations 3(2), 4(1)(c), (2) and (3), 6(1), 7(1) and 21 of the Savings Certificates Regulations 1991 should be read as, respectively, references to regulations 38(2), 39(1)(c), (2) and (3), 45(1), 47(1), 42 and 82(2) and (3) of these Regulations; and

(d) in paragraph 8, the references to regulations 3(2), 6(1), 7(1), 18 and 28(2)(b) and (3) of the Savings Certificates (Children’s Bonus Bonds) Regulations 1991 should be read as, respectively, references to regulations 56(2), 63(1), 64(1), 59 and 60, and 82(2) and (3) of these Regulations.

SCHEDULE 1 — Maximum holding of certificates issued before 10th September 1985

Description of certificates	Maximum holding of units
Certificates issued not later than 31st March 1947, the price of issue of which was less than £1 per unit certificate	500
Certificates issued not later than 31st March 1947, the price of issue of which was £1 per unit certificate	250
Certificates issued after 31st March 1947 but not later than 31st January 1951	1,000
Certificates issued after 31st January 1951 but not later than 31st July 1956	1,400
Certificates issued after 31st July 1956 but not later than 12th March 1963	1,200
Certificates issued after 12th March 1963 but not later than 27th March 1966	600
Certificates issued after 27th March 1966 but not later than 4th October 1970	1,500
Certificates issued after 4th October 1970 but not later than 16th June 1974	1,500
Certificates issued after 16th June 1974 but not later than 12th December 1976, or after 31st March 1977 but not later than 28th January 1979, the price of issue of which was £1 per unit certificate	3,000
Index-linked certificates issued after 1st June 1975 but not later than 16th November 1980, the price of issue of which was £10 per unit certificate	120
Certificates issued after 12th December 1976 but not later than 31st March 1977, the price of issue of which was £5 per unit certificate	300
Certificates, not being index-linked certificates, issued after 28th January 1979 but not later than 3rd February 1980, the price of issue of which was £10 per unit certificate	150
Certificates, not being index-linked certificates, issued after 3rd February 1980 but not later than 10th May 1981, the price of issue of which was £10 per unit certificate	500
Index-linked certificates issued after 16th November 1980 but not later than 30th June 1985, the price of issue of which was £10 per unit certificate	1,000
Certificates, not being index-linked certificates, issued after 10th May 1981 but not later than 8th November 1981, the price of issue of which was £10 per unit certificate	500
Certificates issued after 8th November 1981 but not later than 10th March 1982, the price of issue of which was £25 per unit certificate	200
Certificates issued after 18th April 1982 but not later than 4th November 1982, the price of issue of which was £25 per unit certificate	200
Certificates issued after 16th November 1982 but not later than 14th August 1983, the price of issue of which was £25 per unit certificate	200
Certificates issued after 14th August 1983 but not later than 19th March 1984, the price of issue of which was £25 per unit certificate	200
Certificates issued after 4th April 1984 but not later than 7th August 1984, the price of issue of which was £25 per unit certificate	200
Certificates issued after 7th August 1984 but not later than 11th September 1984, the price of issue of which was £25 per unit certificate	200
Certificates issued after 14th October 1984 but not later than 12th February 1985, the price of issue of which was £25 per unit certificate	200
Certificates, not being index-linked certificates, issued after 12th February 1985 but not later than 9th September 1985, the price of issue of which was £25 per unit certificate	200

SCHEDULE 2 — Revocations

The Savings Contracts Regulations 1969[^f00051]

The Premium Savings Bonds Regulations 1972[^f00052]

The National Savings Stock Register Regulations 1976[^f00053]

The Premium Savings Bonds (Amendment) Regulations 1976[^f00054]

The Premium Savings Bank (Amendment) Regulations 1977[^f00055]

The Savings Contracts (Amendment) Regulations 1977[^f00056]

The National Savings Stock Register (Amendment) Regulations 1979[^f00057]

The Premium Savings Bonds (Amendment) (No. 2) Regulations 1980[^f00058]

The Premium Savings Bonds (Amendment) Regulations 1981[^f00059]

The National Savings Stock Register (Amendment) Regulations 1981[^f00060]

The Savings Contracts (Amendment) Regulations 1984[^f00061]

The National Savings Stock Register (Amendment) Regulations 1984[^f00062]

The Premium Savings Bonds (Amendment) Regulations 1984[^f00063]

The Savings Certificates (Yearly Plan) Regulations 1984[^f00064]

The Savings Certificates (Yearly Plan) (Amendment) Regulations 1985[^f00065]

The National Savings Stock Register (Amendment) Regulations 1987[^f00066]

The National Savings Stock Register (Amendment) Regulations 1988[^f00067]

The Premium Savings Bonds (Amendment) Regulations 1988[^f00068]

The Savings Certificates (Yearly Plan) (Amendment) Regulations 1988[^f00069]

The Savings Contracts (Amendment) Regulations 1988[^f00070]

The National Savings Stock Register (Amendment) Regulations 1989[^f00071]

The Savings Certificates (Yearly Plan) (Amendment) Regulations 1989[^f00072]

The National Savings Stock Register (Amendment) (No. 2) Regulations 1989[^f00073]

The Premium Savings Bonds (Amendment) Regulations 1991[^f00074]

The Savings Certificates (Yearly Plan) (Amendment) Regulations 1991[^f00075]

The Savings Contracts (Amendment) Regulations 1991[^f00076]

The Savings Certificates Regulations 1991[^f00077]

The Premium Savings Bonds (Amendment No. 2) Regulations 1991[^f00078]

The Savings Certificates (Children’s Bonus Bonds) Regulations 1991[^f00079]

The Savings Certificates (Amendment) Regulations 1992[^f00080]

The Premium Savings Bonds (Amendment) Regulations 1992[^f00081]

The Savings Contracts (Amendment) Regulations 1992[^f00082]

The Saving Certificates (Children’s Bonus Bonds) (Amendment) Regulations 1992[^f00083]

The Savings Certificates (Amendment) (No. 2) Regulations 1992[^f00084]

The Premium Savings Bonds (Amendment) (No. 2) Regulations 1992[^f00085]

The Premium Savings Bonds (Amendment) Regulations 1993[^f00086]

The National Savings Stock Register (Amendment) Regulations 1993[^f00087]

The National Savings Stock Register (Amendment) (No. 2) Regulations 1993[^f00088]

The Savings Certificates (Amendment) Regulations 1993[^f00089]

The Savings Certificates (Amendment) Regulations 1994[^f00090]

The National Savings Stock Register (Amendment) Regulations 1994[^f00091]

The Premium Savings Bonds (Amendment) Regulations 1995[^f00092]

The National Savings Stock Register (Amendment) Regulations 1996[^f00093]

The Savings Contracts (Amendment) Regulations 1997[^f00094]

The Savings Certificates (Amendment) Regulations 1997[^f00095]

The Savings Certificates (Children’s Bonus Bonds) (Amendment) Regulations 1997[^f00096]

The Premium Savings Bonds (Amendment) Regulations 1997[^f00097]

The National Savings Stock Register (Amendment) Regulations 1997[^f00098]

The National Savings Stock Register (Closure of Register to Gilts) Order 1998[^f00099]

The National Savings Stock Register (Amendment) Regulations 1999[^f00100]

The Premium Savings Bonds (Amendment) Regulations 1999[^f00101]

The Savings Certificates (Amendment) Regulations 2000[^f00102]

The National Savings Stock Register (Amendment) Regulations 2001[^f00103]

The Premium Savings Bonds (Amendment) Regulations 2003[^f00104]

The Premium Savings Bonds (Amendment etc) Regulations 2004[^f00105]

The National Savings (Unclaimed Money) Regulations 2009[^f00106]

The National Savings Bank (Amendment of Obligation of Secrecy Provisions) Regulations 2010[^f00107]

The Premium Savings Bonds (Amendment etc) Regulations 2010[^f00108]

The National Savings Stock Register (Amendment) Regulations 2012[^f00109]

The Savings Certificates (Children’s Bonus Bonds) (Amendment) Regulations 2012[^f00110]

The Savings Certificates (Amendment) Regulations 2012[^f00111]

The National Savings Stock Register (Amendment) Regulations 2013[^f00112]

The Premium Savings Bonds (Maximum Holdings) (Amendment) Regulations 2014[^f00113]

The National Savings Stock Register (Amendment) Regulations 2014[^f00114]

Signed

David Evennett — Mark Lancaster — Two of the Lords Commissioners of Her Majesty’s Treasury — 10th March 2015

Explanatory note

(This note is not part of the Regulations)

EXPLANATORY NOTE

The National Savings Bank Act 1971 (“the 1971 Act”) and the National Debt Act 1972 (“the 1972 Act”) create the current statutory framework for the operation of the National Savings and Investment Bank and the Director of Savings. The Director of Savings, a statutory office-holder, carries on the business of the National Savings Bank under section 1 of the 1971 Act, principally providing a range of investment accounts which are subject to the 1971 Act and secondary legislation made under that Act (consolidated in the contemporaneously laid National Savings Regulations 2015). Under section 11 of the 1972 Act the Treasury raises money under the National Loans Act 1968 under the auspices of the Director of Savings. Section 1(1) of the 1972 Act provides that the Treasury may appoint a person to be Director of Savings and “the functions of the Director shall include those conferred on him by this Act”. The Director raises money, therefore, by issuing products such as Premium Bonds, subject to the 1972 act and secondary legislation made under that Act.

These Regulations consolidate the secondary legislation that governs the operation of the National Savings Bank made under the 1972 Act. Regulation 3(b) also increases the maximum holding of bond units from 40,000 to 50,000 from 1st June 2015.

Part 2 consolidates the Premium Savings Bond Regulations 1972 and amending regulations.

Part 3 consolidates the National Savings Stock Register Regulations 1976 and amending regulations.

Part 4 consolidates the Savings Certificates Regulations 1991 and amending regulations.

Part 5 consolidates the Savings Certificates (Children’s Bonus Bonds) Regulations 1991 and amending regulations.

Part 6 of these Regulations, and Part 3 of the National Savings Regulations 2015, contain provisions common to both sets of regulations.

The intention in the drafting of these Regulations is to consolidate the existing secondary legislation with necessary minor amendments, whilst revoking the spent and other instruments set out in Schedule 2.

A full impact assessment has not been produced for this instrument as no impact on the costs of business or the voluntary sector is foreseen.

Footnotes

[^f00001]: 1972 c. 65; section 3 was amended by the Trustee Savings Bank Act 1976 (c. 4), Schedule 5, paragraph 19(1)(a)(i), the Finance Act 1989 (c. 26), section 183(2) and S.I. 1998/1446; section 11 was amended by the Trustee Savings Bank Act 1976 (c. 4), section 36(2) and Schedule 6.

[^f00002]: 1971 c. 29.

[^f00003]: 1939 c. 117; repealed by the National Loans Act 1968 (c. 13) section 24(4), Schedule 6, Part I, reference retained to cover any outstanding bonds issued under the repealed provision.

[^f00004]: 1968 c. 13; section 12 was amended by the Finance Act 1982 (c. 39) sections 152(1) and 152(2) and the Postal Services Act 2011 (c. 5) section 91(1), (2), Schedule 12, Part 3, paragraph 8.8(a) and (b).

[^f00005]: 1974 c. 46.

[^f00006]: 1992 c. 40.

[^f00007]: 2005 c. 9.

[^f00008]: 1968 c. 13.

[^f00009]: S.I. 2015/623.

[^f00010]: Section 4 was amended by the Finance Act 1982 (c. 39) section 151, Schedule 20, paragraph 3 and section 152(1).

[^f00011]: 1942 c. 21; Section 47 was amended by section 3 of the Stock Transfer Act 1982 (c. 41).

[^f00012]: S.I. 2004/1611.

[^f00013]: 1964 c. 41.

[^f00014]: 2000 c. 8. Part 4A was inserted by section 11(2) of the Financial Services Act 2012 (c. 21).

[^f00015]: Paragraph 5(b) was substituted by S.I. 2006/3221.

[^f00016]: Paragraph 15 was amended by S.I. 2003/2066, 2007/3253, 2012/1906 and 2013/1881.

[^f00017]: Section 22 was amended by section 7 of the Financial Services Act 2012 (c. 21).

[^f00018]: S.I. 2015/623.

[^f00019]: Section 4 was amended by the Finance Act 1982 (c. 39), section 151, Schedule 20, paragraph 3 and section 152(1).

[^f00020]: 1964 c. 41.

[^f00021]: S.I. 2015/623.

[^f00022]: Section 4 was amended by the Finance Act 1982 (c. 39) section 151, Schedule 20, paragraph 3 and section 152(1).

[^f00023]: S.I. 2015/623.

[^f00024]: 1887 c. 40.

[^f00025]: 1968 c. 14.

[^f00026]: 2008 c. 9; Schedule 36 was amended by the Finance Act 2009 (c. 10) section 95, Schedule 47, paragraphs 1 to 4, the Finance Act 2011 (c. 11) section 86(2), Schedule 24, paragraphs1 and 2, the Finance Act 2012 (c. 14) section 224(7) and S.I. 2009/56.

[^f00027]: 1970 c. 9; repealed by the Finance Act 2011 (c.11) section 86(1), Schedule 23, Part 6, paragraphs 51(1) and (2)(h).

[^f00028]: S.I. 1998/1446; article 18 was amended by S.I. 2004/1662.

[^f00029]: There have been no relevant amendments to article 4.

[^f00030]: 1942 c. 21; Section 47 was amended by section 3 of the Stock Transfer Act 1982 (c. 41

[^f00031]: S.I. 2004/1611

[^f00038]: 1882 c. 61; section 80 was amended by the Cheques Act 1992 (c. 32), section 2.

[^f00039]: 1957 c. 36.

[^f00040]: 2003 asp 13.

[^f00041]: 1970 c. 31 (N.I.).

[^f00042]: S.I. 1986/595 (N.I. 4).

[^f00043]: SR (N.I.) 1991/364.

[^f00044]: AT 8 of 1998.

[^f00045]: 1962 c. 37.

[^f00046]: AT 6 of 1892, AT 4 of 1928, AT 3 of 1953, AT 6 of 1955, AT 16 of 1979 and AT 7 of 1986.

[^f00047]: Law 18 of 1969.

[^f00048]: Law 2 of 1958.

[^f00049]: Ordres en conseil Vol. XVII, p.384.

[^f00050]: S.I. 1998/1449.

[^f00051]: S.I. 1969/1342

[^f00052]: S.I. 1972/765

[^f00053]: S.I. 1976/2012

[^f00054]: S.I. 1976/1543

[^f00055]: S.I. 1977/1447

[^f00056]: S.I. 1977/1456

[^f00057]: S.I. 1979/1677

[^f00058]: S.I. 1980/767

[^f00059]: S.I. 1981/310

[^f00060]: S.I. 1981/485

[^f00061]: S.I. 1984/599

[^f00062]: S.I. 1984/600

[^f00063]: S.I. 1984/601

[^f00064]: S.I. 1984/779

[^f00065]: S.I. 1986/2001

[^f00066]: S.I. 1987/1635

[^f00067]: S.I. 1988/1355

[^f00068]: S.I. 1988/1356

[^f00069]: S.I. 1988/1357

[^f00070]: S.I. 1988/1358

[^f00071]: S.I. 1989/652

[^f00072]: S.I. 1989/1521

[^f00073]: S.I. 1989/2046

[^f00074]: S.I. 1991/73

[^f00075]: S.I. 1991/75

[^f00076]: S.I. 1991/76

[^f00077]: S.I. 1991/1031

[^f00078]: S.I. 1991/1337

[^f00079]: S.I. 1991/1407

[^f00080]: S.I. 1992/2835

[^f00081]: S.I. 1992/2891

[^f00082]: S.I. 1992/3112

[^f00083]: S.I. 1992/3113

[^f00084]: S.I. 1992/3115

[^f00085]: S.I. 1992/3116

[^f00086]: S.I. 1993/782

[^f00087]: S.I. 1993/783

[^f00088]: S.I. 1993/3131

[^f00089]: S.I. 1993/3133

[^f00090]: S.I. 1994/343

[^f00091]: S.I. 1994/3277

[^f00092]: S.I. 1995/1002

[^f00093]: S.I. 1996/156

[^f00094]: S.I. 1997/1858

[^f00095]: S.I. 1997/1859

[^f00096]: S.I. 1997/1860

[^f00097]: S.I. 1997/1862

[^f00098]: S.I. 1997/1864

[^f00099]: S.I. 1998/1446

[^f00100]: S.I. 1999/2771

[^f00101]: S.I 1999/3305

[^f00102]: S.I. 2000/3110

[^f00103]: S.I. 2001/2616

[^f00104]: S.I. 2003/1085

[^f00105]: S.I. 2004/2353

[^f00106]: S.I. 2009/1263

[^f00107]: S.I. 2010/291

[^f00108]: S.I. 2010/2479

[^f00109]: S.I. 2012/1877

[^f00110]: S.I. 2012/1880

[^f00111]: S.I. 2012/1882

[^f00112]: S.I. 2013/416

[^f00113]: S.I. 2014/1182

[^f00114]: S.I. 2014/3214

Editorial notes

[^key-9958470ad1eb1af46b8b79cf0724cb3f]: Reg. 1 in force at 6.4.2015, see reg. 1(1)

[^key-389c84ef4dce59ee73fb66ffb2e42e71]: Reg. 2 in force at 6.4.2015, see reg. 1(1)

[^key-8b57a0383e327b7d690094fe5c273234]: Reg. 3 in force at 6.4.2015, see reg. 1(1)

[^key-033296c6caaf8c87383ba106e49a90f2]: Reg. 4 in force at 6.4.2015, see reg. 1(1)

[^key-97c06bc1294b8ad5b1bbd4116b292099]: Reg. 5 in force at 6.4.2015, see reg. 1(1)

[^key-e189728eb3becb5878083d26e8ddc692]: Reg. 6 in force at 6.4.2015, see reg. 1(1)

[^key-7231b3148710b4f50e55fd5e1360b4a6]: Reg. 7 in force at 6.4.2015, see reg. 1(1)

[^key-965203246cd6733b5c1ac90c55c086ef]: Reg. 8 in force at 6.4.2015, see reg. 1(1)

[^key-9cd76b1883ccb1476983547bbef7dc99]: Reg. 9 in force at 6.4.2015, see reg. 1(1)

[^key-c281ce15c2640d64f223b45a86ecc870]: Reg. 10 in force at 6.4.2015, see reg. 1(1)

[^key-120e68258f4a5175adc500d46582a806]: Reg. 11 in force at 6.4.2015, see reg. 1(1)

[^key-5850d36cd0a1f75542fed328c715eb7f]: Reg. 12 in force at 6.4.2015, see reg. 1(1)

[^key-151eb4226ce71d22389f4d8955ac5a69]: Reg. 13 in force at 6.4.2015, see reg. 1(1)

[^key-7183fcca396051a5ac8f3e3f90365f60]: Reg. 14 in force at 6.4.2015, see reg. 1(1)

[^key-b7c3b53b9d3ba21fbfd42defe236a3ee]: Reg. 15 in force at 6.4.2015, see reg. 1(1)

[^key-aa7d71e6717f42f7e6f619263d2108de]: Reg. 16 in force at 6.4.2015, see reg. 1(1)

[^key-5eaaa790aa11b6f96b6c08b25bfbdb1d]: Reg. 17 in force at 6.4.2015, see reg. 1(1)

[^key-77bfcc42f2a767bce69272a8f7e3a79e]: Reg. 18 in force at 6.4.2015, see reg. 1(1)

[^key-4d69b66f9cc88b3369a835953b9d0d93]: Reg. 19 in force at 6.4.2015, see reg. 1(1)

[^key-ff511959b810d8f03cebb777ab2771ff]: Reg. 20 in force at 6.4.2015, see reg. 1(1)

[^key-07ca015420827516cd2a7d37bcfddba4]: Reg. 21 in force at 6.4.2015, see reg. 1(1)

[^key-4dd3e8ac22cae975c38f06259b489b53]: Reg. 22 in force at 6.4.2015, see reg. 1(1)

[^key-a7f38447952ef5decce9f5d92479ff79]: Reg. 23 in force at 6.4.2015, see reg. 1(1)

[^key-e5cbebd358f365268b71335430bcb837]: Reg. 24 in force at 6.4.2015, see reg. 1(1)

[^key-9861f0cc1186fb41d3e4076b5e1a8d32]: Reg. 25 in force at 6.4.2015, see reg. 1(1)

[^key-51b49ddfb21719c37aac054a51209f18]: Reg. 26 in force at 6.4.2015, see reg. 1(1)

[^key-79412848ff2aa868f9f5b63de9722772]: Reg. 27 in force at 6.4.2015, see reg. 1(1)

[^key-1ef66cc4aee1bdd3472fc00025acd8bf]: Reg. 28 in force at 6.4.2015, see reg. 1(1)

[^key-c72539c0b4ef10aa9f351b22e19e655e]: Reg. 29 in force at 6.4.2015, see reg. 1(1)

[^key-56374cc948172c7b61308d69260696f1]: Reg. 30 in force at 6.4.2015, see reg. 1(1)

[^key-e4bf092d591e8dec95bf9d29e887db77]: Reg. 31 in force at 6.4.2015, see reg. 1(1)

[^key-c8a42dc6d081556f9f348a84ff75ab5b]: Reg. 32 in force at 6.4.2015, see reg. 1(1)

[^key-0beae29b154bca79b40d928c1abab828]: Reg. 33 in force at 6.4.2015, see reg. 1(1)

[^key-1a40589f236f9eca02ffe48f42697ad7]: Reg. 34 in force at 6.4.2015, see reg. 1(1)

[^key-2c9d249fabc07b403b9c9150fb3c2057]: Reg. 35 in force at 6.4.2015, see reg. 1(1)

[^key-f75090245969ab2d2ed97d6048b730cb]: Reg. 36 in force at 6.4.2015, see reg. 1(1)

[^key-1dbb4716c2dd7ba24e5eb02b1a282b65]: Reg. 37 in force at 6.4.2015, see reg. 1(1)

[^key-f4bc47d88b567025e324d9adbbdb62bc]: Reg. 38 in force at 6.4.2015, see reg. 1(1)

[^key-91fe6d786bcd095e00f5f1518e0d5bac]: Reg. 39 in force at 6.4.2015, see reg. 1(1)

[^key-c68e6ab9e087048cc7043fd98c79fe41]: Reg. 40 in force at 6.4.2015, see reg. 1(1)

[^key-0111df3e82843f335dfaea3717f133e0]: Reg. 41 in force at 6.4.2015, see reg. 1(1)

[^key-086ddcf0b74fce8700c8d2c40207767e]: Reg. 42 in force at 6.4.2015, see reg. 1(1)

[^key-6ec18c218e1decec4bd3e83aa8bece51]: Reg. 43 in force at 6.4.2015, see reg. 1(1)

[^key-f88a24fdd83e3149a394dbe6e48e987e]: Reg. 44 in force at 6.4.2015, see reg. 1(1)

[^key-28e19bfe6e06f2f24bbb19a228adb84b]: Reg. 45 in force at 6.4.2015, see reg. 1(1)

[^key-fef3b5dec66e6ab387ab527aa9878680]: Reg. 46 in force at 6.4.2015, see reg. 1(1)

[^key-149ce01f825b62552c7c993a9020bd3c]: Reg. 47 in force at 6.4.2015, see reg. 1(1)

[^key-fcc6a14b5325355862e6599049d64045]: Reg. 48 in force at 6.4.2015, see reg. 1(1)

[^key-6c7094a46c82a1de3b3ccb6c015a2efb]: Reg. 49 in force at 6.4.2015, see reg. 1(1)

[^key-20fe8b69b46fe48db26e1cbeceb41956]: Reg. 50 in force at 6.4.2015, see reg. 1(1)

[^key-e342822dcb7fc50276ad9485e67eb034]: Reg. 51 in force at 6.4.2015, see reg. 1(1)

[^key-594f003b21f390e87931d4d1a7f44f4c]: Reg. 52 in force at 6.4.2015, see reg. 1(1)

[^key-9326900431b9b838f11c64f82ee89faa]: Reg. 53 in force at 6.4.2015, see reg. 1(1)

[^key-4ad8a49f7488a100686d9c9b8bc37075]: Reg. 54 in force at 6.4.2015, see reg. 1(1)

[^key-5cf99e8658bbf180cf9493626942ec8f]: Reg. 55 in force at 6.4.2015, see reg. 1(1)

[^key-104cf625c8adf8f2ce8b5d14487aca88]: Reg. 56 in force at 6.4.2015, see reg. 1(1)

[^key-b5d13110678b85e2cf0c38eae0d3f49d]: Reg. 57 in force at 6.4.2015, see reg. 1(1)

[^key-27eacb8c4d9ecf0555c47f294b4fbd24]: Reg. 58 in force at 6.4.2015, see reg. 1(1)

[^key-7bd8d42e5f9920b18a6d4ee09897b2ef]: Reg. 59 in force at 6.4.2015, see reg. 1(1)

[^key-3d24383a5ccf3940b3ce3f3255f6cc6f]: Reg. 60 in force at 6.4.2015, see reg. 1(1)

[^key-dd31d6db547be4f1103464c5afa966ce]: Reg. 61 in force at 6.4.2015, see reg. 1(1)

[^key-29594518bff84b99396abe7c52550c26]: Reg. 62 in force at 6.4.2015, see reg. 1(1)

[^key-51b8fb431f5c15dd28af918904e914b2]: Reg. 63 in force at 6.4.2015, see reg. 1(1)

[^key-e389e2f95f8e44094d46736a8c694664]: Reg. 64 in force at 6.4.2015, see reg. 1(1)

[^key-a7ccbccf1eeaa3f4015e95aba484b19b]: Reg. 65 in force at 6.4.2015, see reg. 1(1)

[^key-138204378b988a4f3d11da5d46f9d846]: Reg. 66 in force at 6.4.2015, see reg. 1(1)

[^key-f4e95d9bec8464c88c27c39792a65d4c]: Reg. 67 in force at 6.4.2015, see reg. 1(1)

[^key-cd4f74c7fda6d14b14f756165688e238]: Reg. 68 in force at 6.4.2015, see reg. 1(1)

[^key-57fd672c86e51b97cd8df65b91bbbe67]: Reg. 69 in force at 6.4.2015, see reg. 1(1)

[^key-ee90604a582ef104c4cf49ab87ef725b]: Reg. 70 in force at 6.4.2015, see reg. 1(1)

[^key-c43083103556e58b8d10392f0fd918b1]: Reg. 71 in force at 6.4.2015, see reg. 1(1)

[^key-540f2b29ba45a2afef2f6f904fba765b]: Reg. 72 in force at 6.4.2015, see reg. 1(1)

[^key-406de0899bc93aa01b9a4089a2314850]: Reg. 73 in force at 6.4.2015, see reg. 1(1)

[^key-419eb49a9ca5220fb4b121740d8308e7]: Reg. 74 in force at 6.4.2015, see reg. 1(1)

[^key-87b9c3c844397756b01b3ea49f2efc39]: Reg. 75 in force at 6.4.2015, see reg. 1(1)

[^key-9b49c864c08770526dd0ac82b2d88cbb]: Reg. 76 in force at 6.4.2015, see reg. 1(1)

[^key-5f72652cedb8805bb5e1b2b15a2effd8]: Reg. 77 in force at 6.4.2015, see reg. 1(1)

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