The Savings Certificates (Amendment) Regulations 2012
1Citation and commencement
2Amendment of the Savings Certificates Regulations 1991
3In regulation 2 (interpretation), in paragraph (1)—
4In regulation 3 (issue, purchase and recording of certificates)—
5For regulation 4 (persons entitled to purchase and hold certificates)...
6In regulation 5 (maximum holding of certificates), in paragraphs (1)...
7After regulation 5 insert— Interest Accrual of interest (1) In respect of a rolled-over certificate or a certificate...
8In regulation 6 (applications for repayment)— (a) in paragraph (1)—...
9After regulation 6 insert— Applications for early repayment (1) In this regulation— “payment date”, in relation to a...
10In regulation 7 (repayment warrants)— (a) in paragraph (1) for...
11For regulation 8 (amount repayable when proceeds reinvested) substitute— For the purpose of determining the amount repayable in respect...
12In regulation 9 (repayment in case of persons under 7...
13In regulation 10 (repayment in case of certificate held by...
14In regulation 13 (transfers and addition of names), in paragraph...
15In regulation 15 (payment without a grant of representation), in...
16In regulation 21 (forfeiture of certificates) insert at the end—...
17After regulation 21 (forfeiture of certificates) insert— Forfeiture of rolled-over...
18In regulation 23 (rectification of mistakes), in paragraph (1) omit...
19Omit regulation 24 (settlement of disputes).
20In regulation 27 (indemnity of Treasury, Director of Savings and...
21For regulation 29 (form of documents) substitute— Applications The Director of Savings may refuse to accept an application...
22In regulation 36 (application to the Channel Islands) omit paragraph...
23In Schedule 2, in paragraph 6(3) (operation of nomination), for...
2012 No. 1882
National Debt

The Savings Certificates (Amendment) Regulations 2012

Made
Laid before Parliament
Coming into force
The Treasury make the following Regulations in exercise of the powers conferred by section 11 of the National Debt Act 19721.