The Savings Certificates (Yearly Plan) Regulations 1984

PRELIMINARY

Citation and commencement

1.  These Regulations may be cited as the Savings Certificates (Yearly Plan) Regulations 1984, and shall come into operation on 2 July 1984.

Interpretation

2.  In these Regulations, unless the context otherwise requires—

“agreement” means an agreement entered into with the Director of Savings to purchase a certificate by payments in accordance with the terms of the agreement;

“amount repayable”, in relation to any payments made under an agreement or any certificate, includes any interest which has accrued due in respect of payments made under an agreement or certificate;

“certificate” means a certificate issued in accordance with the terms of an agreement and under the name of a yearly plan national savings certificate by the Treasury under the auspices of the Director of Savings for the purpose of raising money authorised to be raised by any Act;

“Chief Registrar of Friendly Societies”, except in the application of these Regulations to Scotland, means the Chief Registrar of Friendly Societies or a deputy appointed by him;

“mentally disordered person”, in the application of these Regulations to England and Wales, means a person who is incapable, by reason of mental disorder within the meaning of the Mental Health Act 1959 of managing and administering his property and affairs;

“receiver”, in the application of these Regulations to England and Wales, means, in relation to any act or thing done in respect of a mentally disordered person, a receiver or other person authorised in that behalf under Part VIII of the Mental Health Act 1959;

“terms”, in relation to an agreement, includes the rights and obligations under the agreement;

“Treasury Solicitor” means the Solicitor for the affairs of Her Majesty's Treasury.