Statutory Instruments
2019 No. 1138
National Debt
The National Savings (Amendment) Regulations 2019
Made
17th July 2019
Laid before Parliament
18th July 2019
Coming into force
18th August 2019
The Treasury make the following Regulations in exercise of the powers conferred by section 11(1)(a) of the National Debt Act 1972( 1 )
Citation and commencement
1. These Regulations may be cited as the National Savings (Amendment) Regulations 2019 and come into force on 18th August 2019.
Amendments to the National Savings (No. 2) Regulations 2015
2. —(1)The National Savings (No. 2) Regulations 2015 ( 2 ) are amended as follows.
(2) In regulation 4(4)(a), for “a parent or guardian or grandparent, or by a person who the Director of Savings is satisfied is a proper person to act on behalf of the minor”, substitute “any person who may purchase a bond under paragraph (1)”.
(3) In regulation 8(2), for the words from “must” to the end, substitute “must be made to, and on the application of, a person who the Director of Savings is satisfied is a proper person to receive payment.”.
Alister Jack
Mike Freer
Two of the Lord’s Commissioners of Her Majesty’s Treasury
17th July 2019