SCHEDULE 1
MINOR AND CONSEQUENTIAL AMENDMENTS
Premium Savings Bond Regulations 19725
1
The Premium Savings Bond Regulations 19727 are amended in accordance with this paragraph.
2
In regulation 2(1) (interpretation), omit the entries for “mentally disordered person” and “receiver” and, in the appropriate alphabetical position, insert—
a
“ “deputy” in the application of these Regulations to England and Wales, means, in relation to any decision made for a person who lacks capacity, a deputy appointed by the Court of Protection for that person with power to make decisions in relation to the matters in question;”; and
b
“ “person who lacks capacity” means a person who lacks capacity within the meaning of the Mental Capacity Act 2005 (c.9);”.
3
In regulation 4 (persons entitled to purchase and hold bonds)—
a
in paragraph (3)(b), for “mentally disordered person, by his receiver” substitute “a person who lacks capacity, by his deputy”; and
b
in paragraph (5)(b), for “mentally disordered person” substitute “person who lacks capacity”.
4
In regulation 10 (payment in case of mentally disordered persons)—
a
in the title, for “Mentally disordered persons” substitute “Persons who lack capacity”;
b
in paragraph (1) –
i
for “mentally disordered person” substitute “person who lacks capacity”, and
ii
for “receiver” substitute “deputy”; and
c
in paragraph (2), for “mentally disordered person for whose estate no receiver” substitute “person who lacks capacity for whom no deputy has been appointed in relation to his property and affairs”.
5
In regulation 16 (persons under disability)—
a
for “mentally disordered person” substitute “person who lacks capacity”; and
b
for “receiver” substitute “deputy”.
6
In regulation 31 (application to Scotland)—
a
in paragraph (a), for “mentally disordered person” substitute “person who lacks capacity”; and
b
in paragraph (b), for “receiver in relation to a mentally disordered person” substitute “deputy in relation to a person who lacks capacity”.
7
In regulation 32(2) (application to Northern Ireland)—
a
in paragraph (a), for “mentally disordered person” substitute “person who lacks capacity”; and
b
in paragraph (b), for “receiver in relation to a mentally disordered person” substitute “deputy in relation to a person who lacks capacity”.
8
In regulation 33(2)(a) (application to the Isle of Man), for “receiver in relation to a mentally disordered person” substitute “deputy in relation to a person who lacks capacity”.
9
In regulation 34 (application to the Channel Islands)—
a
in paragraphs (2)(a) and (3)(a), for “mentally disordered person” substitute “person who lacks capacity”; and
b
in paragraphs (2)(b) and (3)(b), for “receiver in relation to a mentally disordered person” substitute “deputy in relation to a person who lacks capacity”.