Issue, purchase and registration of bondsU.K.
3.—(1) Bonds may be issued at the places determined, and by the persons authorised, by the Director of Savings.
(2) An application to purchase a bond must be made in the approved form, and the applicant must provide any documents or other information required by the Director of Savings.
(3) The Director of Savings must keep a register showing the names of the holders of bonds.
(4) Despite any requirement in the terms and conditions applicable to bonds, the Director of Savings need not issue certificates evidencing title to bonds.
(5) Where an applicant purchases a bond, or a holder receives payment in relation to a bond, the Director of Savings must make available to that person a record of the entries on the register relating to that purchase or payment.
(6) A bond shall not be transferable.
Commencement Information
I1Reg. 3 in force at 6.4.2015, see reg. 1(1)