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The Savings Certificates Regulations 1991

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Applications for repayment

6.—(1) Application for payment of the amount repayable in respect of acertificate shall (subject to the provisions of these Regulationsrelating to payment in the case of special classes of persons) be madeby the holder of the certificate in writing in a manner approved by theDirector of Savings. Where repayment is requested on a specified datethe application may not, unless the Director of Savings otherwiseagrees, be made more than two months before that date. Unless theDirector of Savings otherwise directs or agrees any application forrepayment shall be made to the Savings Certificate and SAYE Office,Durham.

(2) In the case of a multiple certificate, an application may be madefor repayment in respect of any number of the unit certificatesrepresented by the multiple certificate.

(3) The holder of a certificate, being a person who has attained the ageof seven years, may, subject to the approval of the Director of Savings,authorise any person to apply for or receive on his behalf the amountrepayable in respect of the certificate.

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