Amendments to the National Savings (No. 2) Regulations 20152.
(1)
The National Savings (No. 2) Regulations 2015 2 are amended as follows.
(2)
In regulation 4(4)(a), for “a parent or guardian or grandparent, or by a person who the Director of Savings is satisfied is a proper person to act on behalf of the minor”, substitute “any person who may purchase a bond under paragraph (1)”.
(3)
In regulation 8(2), for the words from “must” to the end, substitute “must be made to, and on the application of, a person who the Director of Savings is satisfied is a proper person to receive payment.”.