- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Contracting Out (Functions Relating to National Savings) Order 1998 No. 1449
1.—(1) This Order may be cited as the Contracting Out (Functions Relating to National Savings) Order 1998.
(2) This Order shall come into force on the day after the day on which it is made.
2. In this Order—
“the 1971 Act” means the National Savings Bank Act 1971(1);
“the 1972 Act” means the National Debt Act 1972(2);
“the Director” means the Director of Savings;
“the functions” means those functions of the Director relating to the Department for National Savings conferred by:
3.—(1) Subject to paragraph (2) below, the functions, or any of them, may be exercised by, or by employees of, such person (if any) as may be authorised in that behalf by the Director.
(2) Paragraph (1) above does not apply to the functions listed in the Schedule to this Order.
Two of the Lords Commissioners of Her Majesty’s Treasury
1998
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