Amendments to the Premium Savings Bonds Regulations 19723

In regulation 2(1)—

a

omit the entry for “the adjudicator”;

b

after the entry for “deputy”, insert—

“electronic transfer” means transferring money by electronic or automated processes, which do not involve the delivery and collection of a payable instrument or the delivery of cash, to a bank or building society account to which payment is capable of being made by those processes;