2014 No. 1182

National Debt

The Premium Savings Bonds (Maximum Holdings) (Amendment) Regulations 2014

Made

Laid before Parliament

Coming into force

The Treasury, in exercise of the powers conferred by section 11 of the National Debt Act 19721, make the following Regulations:

Citation and Commencement1

These Regulations may be cited as the Premium Savings Bonds (Maximum Holdings) (Amendment) Regulations 2014 and come into force on 1st June 2014.

Amendment of the Premium Savings Bonds Regulations 19722

1

Regulation 5 (maximum holdings of bonds) of the Premium Savings Bonds Regulations 19722 is amended as follows.

2

In paragraph (1) for “30,000” substitute “40,000”.

Anne MiltonJohn PenroseTwo of the Lords Commissioners of Her Majesty’s Treasury
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 30,000 to 40,000 bond units.