Statutory Instruments
2001 No. 858
SAVINGS BANKS
The National Savings Bank (Amendment) Regulations 2001
Made
8th March 2001
Laid before Parliament
12th March 2001
Coming into force
6th April 2001
The Treasury, in exercise of the powers conferred on them by section 2 of the National Savings Bank Act 1971( 1 ) as extended by sections 4(1), 4(2)(f) and 4(4) of that Act and of all other powers enabling them in that behalf, hereby make the following Regulations:
Citation and commencement
1. These Regulations may be cited as the National Savings Bank (Amendment) Regulations 2001 and shall come into force on 6th April 2001.
Amendment of The National Savings Bank Regulations 1972
2. The National Savings Bank Regulations 1972( 2 ) shall be amended as follows:—
(a) in regulation 29L(2), substitute “16” for “18”;
(b) in regulation 29L(2)(a) omit “or”; and
(c) after regulation 29L(2)(b), insert “, or (c) though not resident in the United Kingdom, married to a person to whom paragraph (b) applies”.
Amendment of the National Savings Bank (Investment Deposits) (Limits) Order 1977
3. The National Savings Bank (Investment Deposits) (Limits) Order 1977( 3 ) shall be amended as follows:—
(a) for paragraph (a) of article 3B insert “in any year beginning on 6th of April between 1999 and 2005 inclusive, £3,000”; and
(b) in article 3B(b) insert “beginning on 6th of April” after “in any subsequent year”.
Jim Dowd
David Jamieson
Two of the Lords Commissioners of Her Majesty’s Treasury
1971 c. 29 . Section 2 was amended by the Trustee Savings Bank Act 1985 (c. 58) , sections 4(3), 7(3), Schedule 4, and by the Finance Act 1989 (c. 26) , section 184(1). Section 4(4) was inserted by the Finance Act 2000 (c. 17) , section 152(1).
S.I. 1972/764 ; the relevant amending instrument is S.I. 1999/588 .
S.I. 1977/1210 ; relevant amending instruments are S.I. 1999/1056 , S.I. 2000/1421 .