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The National Savings (Amendment) Regulations 2019

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Amendments to the National Savings (No. 2) Regulations 2015

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2.—(1) The National Savings (No. 2) Regulations 2015 (1) are amended as follows.

(2) In regulation 4(4)(a), for “a parent or guardian or grandparent, or by a person who the Director of Savings is satisfied is a proper person to act on behalf of the minor”, substitute “any person who may purchase a bond under paragraph (1)”.

(3) In regulation 8(2), for the words from “must” to the end, substitute “must be made to, and on the application of, a person who the Director of Savings is satisfied is a proper person to receive payment.”.

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