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The Premium Savings Bonds (Amendment)Regulations 2003
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Statutory Instruments
2003 No. 1085
NATIONAL DEBT
The Premium Savings Bonds (Amendment)Regulations 2003
Made
9th April 2003
Laid before Parliament
10th April 2003
Coming into force
12th May 2003
The Treasury, in exercise of the powers conferred on them by section 11 of the National Debt Act 1972(1) 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 1972(2) (maximum holding of bonds) is amended by substituting for the figures “20,000” the figures “30,000”.
Philip Woolas
Jim Fitzpatrick
Two of the Lords Commissioners of Her Majesty’s Treasury
9th April 2003
Explanatory Note
(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.
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