UK Statutory Instrument 2015 United Kingdom

The National Savings (No. 2) Regulations 2015

At a glance

What's here

1 compliance obligation

Who this Act binds

Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

s.023

Transfers

Other duties (1) — Crown / regulator
  • Obtain Director of Savings consent and use approved form to transfer stock Crown / Minister / Government department
Browse 101 other sections — procedural / definitional / commencement
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

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