The National Savings (No. 2) Regulations 2015 No. 624

PART 5 U.K. Children’s savings certificates

CHAPTER 2 U.K. Interest and payments

Payments in the case of holders under sixteen years of age U.K.

66.—(1) Subject to paragraph (2) and to regulation 67, no repayment may be made in relation to a children’s certificate held by a person under the age of sixteen years.

(2) Where a person holding a children’s certificate is a person under the age of sixteen years, other than a person who lacks capacity, the Director of Savings may pay the whole or part of the amount repayable to a person—

(a) who has made an application for payment; and

(b) appears to the Director of Savings to be a proper person to receive payment.

Commencement Information

I1 Reg. 66 in force at 6.4.2015, see reg. 1(1)