The Savings Certificates (Yearly Plan) (Amendment) Regulations 1997

2.  In regulation 31 of the Savings Certificates (Yearly Plan) Regulations 1984(1), there shall be inserted after paragraph (2) the following paragraphs—

“(3) Notwithstanding paragraph (1) of this regulation, information of any description mentioned in that paragraph may be disclosed in accordance with, and subject to such conditions as may be specified in, arrangements made by the Director of Savings for the purpose of enabling the person to whom the information is disclosed to provide, or assist in connection with the provision of, relevant information to a holder, and any such person shall, in respect of any information which he receives in accordance with this paragraph, be subject to the obligation of secrecy imposed by this regulation as if he were a person employed in connection with business arising under these Regulations.

(4) In paragraph (3) of this regulation—

(a) “holder” means the person to whom the terms of any agreement apply or the holder of any certificate, and

(b) “relevant information” means information about any investment opportunities, services or facilities available from or through the Director of Savings, including any information about—

(i) the National Savings Bank,

(ii) the National Savings Stock Register, or

(iii) any means by which the Treasury raise money under the auspices of the Director of Savings.”.

(1)

S.I. 1984/779; a relevant amending instrument is S.I. 1998/1357.