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PART 5U.K.Children’s savings certificates

CHAPTER 1U.K.Issue and purchase of certificates

Maximum holding of certificatesU.K.

58.—(1) A person may not purchase a children’s certificate if the aggregate purchase price of the children’s certificates of that description which would in that event be held by the person on whose behalf it is to be purchased would exceed the maximum set by the terms and conditions applying to that description of children’s certificate, and the aggregate purchase price must be calculated in accordance with those terms and conditions.

(2) No person may hold a children’s certificate purchased in contravention of paragraph (1).

Commencement Information

I1Reg. 58 in force at 6.4.2015, see reg. 1(1)