The National Savings (No. 2) Regulations 2015 No. 624

PART 2 U.K. Premium savings bonds

CHAPTER 1 U.K. Issue and purchase of bonds

Maximum holding of bonds U.K.

5.—(1) A person may not purchase a bond (or hold a bond purchased on that person’s behalf) if the total number of bond units which would be held in that event would—

(a) on or before 31st May 2015, exceed 40,000; or

(b) on or after 1st June 2015, exceed 50,000.

(2) In calculating the total number of bond units which a person holds, a multiple bond must be counted as the number of units represented by the multiple bond.

Commencement Information

I1 Reg. 5 in force at 6.4.2015, see reg. 1(1)