Statutory Instruments
SAVINGS BANKS
Made
18th November 1992
Laid before Parliament
20th November 1992
Coming into force
1st February 1993
The Treasury, in exercise of the powers conferred upon them by sections 2(1) and 8(1) of the National Savings Bank Act 1971(1) and of all other powers enabling them in that behalf, hereby make the following Regulations :
1. These Regulations may be cited as the National Savings Bank (Amendment) Regulations 1992 and shall come into force on 1st February 1993.
2. The National Savings Bank Regulations 1972(2) shall be amended:
(a)in regulation 20, by the substitution of “£10” for “£5” ; and
(b)in regulation 28(5), by the substitution of “£20” for “£5”.
Tim Wood
Tim Boswell
Two of the Lords Commissioners of Her Majesty’s Treasury
18th November 1992
(This note is not part of the Regulations)
These Regulations amend the National Savings Bank Regulations 1972 so as to raise from £5 to £10 the minimum ordinary deposit which may be made at a National Savings Bank office other than the principal office without the consent of the Director of Savings. The Regulations also raise the minimum investment deposit which may be made in similar circumstances from £5 to £20.
1971 c. 29, to which there are amendments not relevant to these Regulations.