UK Statutory Instrument SI 2015/624 United Kingdom

The National Savings (No. 2) Regulations 2015

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.023 Transfers Regulated
Other duties (1) — Crown / regulator
  • Obtain Director of Savings consent and use approved form to transfer stockCrown / Minister / Government department
101 other provisions — procedural and definitional
s.001 Citation, commencement and extent
s.002 Interpretation
s.003 Issue, purchase and registration of bonds
s.004 Persons entitled to purchase and hold bonds
s.005 Maximum holding of bonds
s.006 Applications for payment
s.007 Making payments
s.008 Payments to minors under sixteen years of age
s.009 Payments to persons who lack capacity
s.010 Payments in the case of bankrupts
s.011 Terminating investment in bonds
s.012 Prize fund interest rate changes and changes in the scale of prizes
s.013 Change in the publication of the serial numbers of winning bonds
s.014 Notification of winners
s.015 Keeping of the register
s.016 Subscription for stock
s.017 Limit on total holding of stock
s.018 Forfeiture of stock
s.019 Forfeiture of new stock
s.020 Certificates, subscription books and records
s.021 Conversion
s.022 Redemption
s.024 Transfer of stock to the Commissioners of Her Majesty’s Revenue and Customs in payment of duties or tax
s.025 Operation of a nomination
s.026 Payment of dividends
s.027 Payment of interest in relation to Fixed Rate Savings Bonds
s.028 Accrual of interest
s.029 Accrual of interest on variable interest stock
s.030 Making payments
s.031 Payments in the case of bankrupts
s.032 Authority for payment to third party
s.033 Joint holders of stock
s.034 Power of joint holders to act without unanimity
s.035 Application by holders of stock to be described in register as trustees
s.036 Limitations in relation to minors
s.037 Minors and persons under disability
s.038 Issue, purchase and recording of certificates
s.039 Persons entitled to purchase and hold certificates
s.040 Persons entitled to hold index-linked certificates purchased before 7th September 1981
s.041 Limit on total holding of certificates
s.042 Forfeiture of certificates purchased before 20th September 2012
s.043 Forfeiture of rolled-over certificates and certificates purchased on or after 20th September 2012
s.044 Accrual of interest
s.045 Applications for payment
s.046 Applications for early repayment
s.047 Making payments
s.048 Payments to minors under seven years of age
s.049 Payments to persons who lack capacity
s.050 Payments where certificates are held by persons jointly
s.051 Payments to friendly societies, etc.
s.052 Payments in the case of bankrupts
s.053 Transfers and addition of names
s.054 Operation of a nomination
s.055 Application to the Channel Islands in relation to nominations
s.056 Issue, purchase and recording of children’s certificates
s.057 Persons entitled to purchase and hold certificates
s.058 Maximum holding of certificates
s.059 Forfeiture of Children’s Bonus Bonds
s.060 Forfeiture of Children’s Bonds
s.061 Accrual of interest
s.062 No bonus on Children’s Bonds
s.063 Applications for payment
s.064 Making payments
s.065 Record of partial repayments
s.066 Payments in the case of holders under sixteen years of age
s.067 Payments in the case of persons who lack capacity
s.068 Payments in the case of bankrupts
s.069 Applications for early repayment
s.070 Prohibition on transfers
s.071 Notice of trust not receivable by Director of Savings
s.072 Powers of attorney
s.073 Indemnity of the Treasury, Director of Savings and officers
s.074 Receipts to be a full discharge
s.075 Posting to be regarded as delivery
s.076 Saving for rights of third parties
s.077 Saving for rights of joint holders, etc.
s.078 Evidence of identity
s.079 Persons unable to write
s.080 Persons under disability
s.081 Fees for birth, death, marriage and civil partnership certificates
s.082 Obligation of secrecy
s.083 Nominations made before 1st May 1981
s.084 Particulars to be furnished by nominator to Director of savings
s.085 Revocation of nominations
s.086 Nominations which also apply to stock held in the books of the Bank of England
s.087 Law applicable on the death of a holder of a bond, stock or certificate
s.088 Payments under grant of representation in relation to bonds and certificates
s.089 Payment without a grant of representation
s.090 Death duties or inheritance tax chargeable on death of holders of stock or certificates
s.091 Payments into and from the National Savings Bank
s.092 Transfer of unclaimed money to the National Savings Bank
s.093 Defective applications
s.094 Loss of documents, etc.
s.095 Rectification of mistakes
s.096 Law applicable to crossed warrants
s.097 Application to Scotland
s.098 Application to Northern Ireland
s.099 Application to the Isle of Man
s.100 Application to the Channel Islands
s.101 Revocations and savings
s.102 Modifications

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.