http://www.legislation.gov.uk/uksi/2001/2616/contents/madeThe National Savings Stock Register (Amendment) Regulations 2001Local GovernmentKing's Printer of Acts of Parliament2011-07-04NATIONAL DEBT These Regulations amend regulation 22 of the National Savings Stock Register Regulations 1976 to provide that:—(by new paragraph (1A)), an application for payment of an amount repayable in respect of stock implies authority to the Director of Savings to make payment by such means (if any), other than by warrant, as may be provided for in the terms and conditions subject to which stock is held;(by new paragraph (1B)), such authority is not terminated by the death of the applicant, but requires the Director not to initiate payment (or, if already initiated, requires him to take any reasonable steps to prevent completion of the payment) if he receives notice that the applicant has died or countermanded the authority; and(by new paragraph (1)), the presumption in favour of payment by warrant is disapplied to the extent that the amount payable is used to invest in any other form of National Savings but otherwise authority to make payment by warrant is unaffected, except that it is made subject to any such terms and conditions. The National Savings Stock Register (Amendment) Regulations 2001RegulationsThe National Savings (No. 2) Regulations 2015Sch. 2reg. 1(1) The National Savings Stock Register (Amendment) Regulations 2001 1These Regulations may be cited as the National Savings Stock... 2In regulation 22 of the National Savings Stock Register Regulations... 2001 No. 2616 NATIONAL DEBT The National Savings Stock Register (Amendment) Regulations 2001 Made 18th July 2001 Laid before Parliament 19th July 2001 Coming into force 9th August 2001 The Treasury, in exercise of the powers conferred on them by section 3 of the National Debt Act 1972 and of all other powers enabling them in that behalf, hereby make the following Regulations: 1972 c. 65; amendments have been made to section 3 which are not relevant to these Regulations.
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<dc:description>These Regulations amend regulation 22 of the National Savings Stock Register Regulations 1976 to provide that:—(by new paragraph (1A)), an application for payment of an amount repayable in respect of stock implies authority to the Director of Savings to make payment by such means (if any), other than by warrant, as may be provided for in the terms and conditions subject to which stock is held;(by new paragraph (1B)), such authority is not terminated by the death of the applicant, but requires the Director not to initiate payment (or, if already initiated, requires him to take any reasonable steps to prevent completion of the payment) if he receives notice that the applicant has died or countermanded the authority; and(by new paragraph (1)), the presumption in favour of payment by warrant is disapplied to the extent that the amount payable is used to invest in any other form of National Savings but otherwise authority to make payment by warrant is unaffected, except that it is made subject to any such terms and conditions.</dc:description>
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The Treasury, in exercise of the powers conferred on them by section 3 of the National Debt Act 1972
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and of all other powers enabling them in that behalf, hereby make the following Regulations:
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; amendments have been made to section 3 which are not relevant to these Regulations.
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