SCHEDULE 1 PART I

Persons entitled to hold index-linked certificates purchased before7th September 1981
1 An index-linked certificate issued before 7th September 1981 may beheld by any person who—
(a) is not under a legal disability, and
(b) had at the date he or she purchased the index-linked certificateattained the minimum eligible age, that is—
(i) in relation to an index-linked certificate issued not laterthan 16th November 1980, the age of 65 years in the case of a man or theage of 60 years in the case of a woman;
(ii) in relation to an index-linked certificate issued after 16thNovember 1980 but not later than 5th April 1981 the age of 60 years; or
(iii) in relation to an index-linked certificate issued after 5thApril 1981, the age of 50 years;
or by any two or more of such persons jointly:
Provided that nothing in sub-paragraph (b) shall prevent anindex-linked certificate, whenever issued, from being transferred to aperson who is at the date of transfer eligible to hold an index-linkedcertificate.
2 An index-linked certificate issued before 7th September 1981 andpurchased, in accordance with the provisions of these Regulations, byhis receiver on behalf of and in the name of a mentally disorderedperson who had attained the minimum eligible age shall be deemed to beheld by the person on whose behalf it was purchased.