2003 No. 1085

NATIONAL DEBT

The Premium Savings Bonds (Amendment)Regulations 2003

Made

Laid before Parliament

Coming into force

The Treasury, in exercise of the powers conferred on them by section 11 of the National Debt Act 19721 and of all other powers enabling them in that behalf, hereby make the following Regulations:

1

These Regulations may be cited as the Premium Savings Bonds (Amendment) Regulations 2003 and shall come into force on 12th May 2003.

2

Regulation 5(1) of the Premium Savings Bonds Regulations 19722 (maximum holding of bonds) is amended by substituting for the figures “20,000” the figures “30,000”.

Philip WoolasJim FitzpatrickTwo of the Lords Commissioners of Her Majesty’s Treasury

(This note is not part of the Regulations)

These Regulations, which amend the Premium Savings Bonds Regulations 1972, increase the maximum holding of premium bonds a person is permitted from 20,000 to 30,000 bond units.