The National Savings Regulations 2015

1. Introductory Text

2. PART 1

   1. 1. Citation, commencement and extent

   2. 2. Interpretation

3. PART 2

   1. CHAPTER 1

      1. 3. Closure of ordinary deposit accounts

      2. 4. Closure of certain individual savings accounts

   2. CHAPTER 2

      1. 5. Transaction of savings bank business

      2. 6. Declaration by a depositor

      3. 7. Declaration by a depositor who is a trustee

      4. 8. Depositors generally

      5. 9. Accounts of minors under sixteen years of age

      6. 10. Accounts of persons who lack capacity

      7. 11. Joint accounts

      8. 12. Trust accounts

      9. 13. Trust accounts held jointly by trustees and beneficiaries

      10. 14. Accounts of friendly societies

      11. 15. Accounts of charitable and other societies

      12. 16. Accounts of building societies, industrial and provident societies and corporations

      13. 17. Accounts of government departments and public authorities

      14. 18. Accounts of the Sheriff Clerk in Scotland

      15. 19. Accounts of County Courts in Northern Ireland

      16. 20. Accounts of the Public Trustee

   3. CHAPTER 3 etc.

      1. 21. Deposit books, transaction records and statements

      2. 22. Withdrawals of ordinary deposits

      3. 23. Investment deposits

      4. 24. Withdrawals of investment deposits

      5. 25. Deposits to individual savings accounts

      6. 26. Withdrawals from individual savings accounts

      7. 27. Authorised telephone procedure in relation to individual savings accounts

      8. 28. Withdrawals by minors over sixteen years of age

      9. 29. Withdrawals in the case of bankrupt sole depositors

      10. 30. Authority for payment to a third party (not in relation to an individual savings account)

      11. 31. Authority for payment to third party from an individual savings account

      12. 32. Transfers of deposits

      13. 33. Operation of a nomination

   4. CHAPTER 4

      1. 34. Interest on investment deposits

      2. 35. Interest on ordinary deposits

   5. CHAPTER 5

      1. 36. Coupon deposit books

      2. 37. Payment of deposits without an application to withdraw

      3. 38. Exemption from stamp duty

4. PART 3

   1. CHAPTER 1

      1. 39. Notice of trust not receivable by Director of Savings

      2. 40. Powers of attorney

      3. 41. Indemnity of the Director of Savings and officers

      4. 42. Receipts to be a full discharge

      5. 43. Posting to be regarded as delivery

      6. 44. Saving for rights of third parties

      7. 45. Saving for rights of beneficiaries under trusts

   2. CHAPTER 2 etc.

      1. 46. Evidence of identity

      2. 47. Persons unable to write

      3. 48. Persons under disability

   3. CHAPTER 3

      1. 49. Nominations made before 1st May 1981

      2. 50. Particulars to be furnished by nominator to Director of savings

      3. 51. Revocation of nominations

      4. 52. Nominations which also apply to stock held in the books of the Bank of England

   4. CHAPTER 4

      1. 53. Law applicable on the death of a depositor

      2. 54. Payment without a grant of representation

      3. 55. Death duties or inheritance tax chargeable on death of depositors

   5. CHAPTER 5

      1. 56. Defective applications

      2. 57. Rectification of mistakes

   6. CHAPTER 6

      1. 58. Law applicable to crossed warrants

      2. 59. Disapplication of certain regulations

      3. 60. Application to Scotland

      4. 61. Application to Northern Ireland

      5. 62. Application to the Isle of Man

      6. 63. Application to the Channel Islands

      7. 64. Revocations and savings

      8. 65. Modifications

5. Signature

6. 1. SCHEDULE

      Revocations

7. Explanatory Note