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The Treasury Bills (Amendment) Regulations 1991
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- UK Statutory Instruments
- 1991 No. 1667
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations)
These Regulations make three amendments to the Treasury Bills Regulations 1968, which prescribe the procedure for the preparation of Treasury bills. The notice inviting tenders for bills is now to specify the manner in which tenders are to be made; the requirement to open tenders in the presence of a person appointed by the Treasury is removed; and it is no longer necessary for tenders to have been accepted, or for the National Debt Commissioners or others to have indicated willingness to buy Treasury bills, before bills can be prepared.
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