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The Premium Savings Bonds (Maximum Holdings) (Amendment) Regulations 2014
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Statutory Instruments
2014 No. 1182
National Debt
The Premium Savings Bonds (Maximum Holdings) (Amendment) Regulations 2014
Made
6th May 2014
Laid before Parliament
7th May 2014
Coming into force
1st June 2014
The Treasury, in exercise of the powers conferred by section 11 of the National Debt Act 1972(1), make the following Regulations:
Citation and Commencement
1. These Regulations may be cited as the Premium Savings Bonds (Maximum Holdings) (Amendment) Regulations 2014 and come into force on 1st June 2014.
Amendment of the Premium Savings Bonds Regulations 1972
2.—(1) Regulation 5 (maximum holdings of bonds) of the Premium Savings Bonds Regulations 1972(2) is amended as follows.
(2) In paragraph (1) for “30,000” substitute “40,000”.
Anne Milton
John Penrose
Two of the Lords Commissioners of Her Majesty’s Treasury
6th May 2014
EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations, which amend the Premium Savings Bonds Regulations 1972, increase the maximum holding of premium bonds a person is permitted from 30,000 to 40,000 bond units.
(1)
(2)
S.I. 1972/765; relevant amending instruments are S.I. 1976/1543, 1978/1297, 1980/452, 1993/782 and 2003/1085.
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