The National Savings (No. 2) Regulations 2015

Record of partial repaymentsU.K.

This section has no associated Explanatory Memorandum

65.—(1) This regulation applies in relation to—

(a)a Children’s Bond; and

(b)a Children’s Bonus Bond from and including the anniversary of its date of purchase that falls after 19th September 2012 and before 20th September 2013.

(2) Where part of a children’s certificate to which this regulation applies has been repaid, the Director of Savings must promptly make available to the holder a record of—

(a)the amount repaid;

(b)the capital value of the part of the certificate that has not been repaid;

(c)the annual rate of interest applying to that certificate; and

(d)the date on which the current term of that certificate will end.

(3) Nothing in the terms and conditions applying to a children’s certificate to which this regulation applies shall require the Director of Savings to issue that certificate in documentary form.

Commencement Information

I1Reg. 65 in force at 6.4.2015, see reg. 1(1)