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8. In regulation 6 (applications for repayment)—
(a)in paragraph (1), omit—
(i)“in writing”; and
(ii)the words from “Where repayment is requested” to the end;
(b)after paragraph (1), insert—
“(1A) An application under paragraph (1), which is made in respect of a Children’s Bonus Bond, may include a request for repayment 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.”; and
(c)after paragraph (2), insert—
“(2A) An application for repayment of part of a Children’s Bond may only be accepted if the capital value of the part that the holder would retain would, immediately after the repayment, be equal to or greater than £25, or such greater value as may be specified in the terms and conditions applying to the Children’s Bond.”.
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