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The Savings Certificates Regulations 1991

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This is the original version (as it was originally made). UK Statutory Instruments are not carried in their revised form on this site.

  1. Introductory Text

  2. PRELIMINARY

    1. 1.Citation and commencement.

    2. 2.Interpretation.

  3. ISSUE AND PURCHASE OF CERTIFICATES

    1. 3.Issue, purchase and recording of certificates.

    2. 4.Persons entitled to purchase and hold certificates.

    3. 5.Maximum holding of certificates.

  4. REPAYMENT OF CERTIFICATES

    1. 6.Applications for repayment.

    2. 7.Repayment warrants.

    3. 8.Amount repayable when proceeds reinvested.

    4. 9.Repayment in case of persons under 7 years of age and mentallydisordered persons.

    5. 10.Repayment in case of certificate held by persons jointly.

    6. 11.Repayment to friendly societies, etc.

    7. 12.Repayment in case of bankrupts.

  5. TRANSFER OF CERTIFICATES AND ADDITION OF NAMES

    1. 13.Transfers and addition of names.

  6. PAYMENT IN CASE OF DEATH

    1. 14.Payment under grant of representation.

    2. 15.Payment without a grant of representation.

    3. 16.Law applicable on holder’s death.

    4. 17.Inheritance tax chargeable on holder’s death.

  7. MISCELLANEOUS

    1. 18.Persons under disability.

    2. 19.Payments into National Savings Bank.

    3. 20.Loss of certificates, etc.

    4. 21.Forfeiture of certificates.

    5. 22.Persons unable to write.

    6. 23.Rectification of mistakes.

    7. 24.Settlement of disputes.

    8. 25.Notice of trust not receivable by Director of Savings.

    9. 26.Fees for birth, death and marriage certificates.

    10. 27.Indemnity of Treasury, Director of Savings and officers.

    11. 28.Saving for rights of third parties.

    12. 29.Form of documents.

    13. 30.Evidence of identity, etc.

    14. 31.Obligation of secrecy.

    15. 32.Saving for rights of joint holders, etc.

    16. 33.Application to Scotland.

    17. 34.Application to Northern Ireland.

    18. 35.Application to the Isle of Man.

    19. 36.Application to the Channel Islands.

    20. 37.Nominations.

    21. 38.Revocations.Schedule 1— Part I

  8. Signature

    1. Schedule 1

      1. Part I Persons entitled to hold index-linked certificates purchasedbefore 7th September 1981.

      2. Part II Maximum holding of certificates issued before 10th September 1985.

    2. Schedule 2

      —Nominations.

    3. Schedule 3

      —Revocations.

  10. Explanatory Note

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