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Amendments to the Premium Savings Bonds Regulations 1972

3.  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;.