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Statutory Instrument 1991 No. 1031

The Savings Certificates Regulations 1991

(The document as of February, 2008)

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STATUTORY INSTRUMENTS

1991 No. 1031

NATIONAL DEBT

The Savings Certificates Regulations 1991

Made16th April 1991
Laid before Parliament26th April 1991
Coming into force17th May 1991


ARRANGEMENT ARRANGEMENT OF REGULATIONS

PRELIMINARY
1. Citation and commencement.
2. Interpretation.
ISSUE AND PURCHASE OF CERTIFICATES
3. Issue, purchase and recording of certificates.
4. Persons entitled to purchase and hold certificates.
5. Maximum holding of certificates.
REPAYMENT OF CERTIFICATES
6. Applications for repayment.
7. Repayment warrants.
8. Amount repayable when proceeds reinvested.
9. Repayment in case of persons under 7 years of age and mentallydisordered persons.
10. Repayment in case of certificate held by persons jointly.
11. Repayment to friendly societies, etc.
12. Repayment in case of bankrupts.
TRANSFER OF CERTIFICATES AND ADDITION OF NAMES
13. Transfers and addition of names.
PAYMENT IN CASE OF DEATH
14. Payment under grant of representation.
15. Payment without a grant of representation.
16. Law applicable on holder's death.
17. Inheritance tax chargeable on holder's death.
MISCELLANEOUS
18. Persons under disability.
19. Payments into National Savings Bank.
20. Loss of certificates, etc.
21. Forfeiture of certificates.
22. Persons unable to write.
23. Rectification of mistakes.
24. Settlement of disputes.
25. Notice of trust not receivable by Director of Savings.
26. Fees for birth, death and marriage certificates.
27. Indemnity of Treasury, Director of Savings and officers.
28. Saving for rights of third parties.
29. Form of documents.
30. Evidence of identity, etc.
31. Obligation of secrecy.
32. Saving for rights of joint holders, etc.
33. Application to Scotland.
34. Application to Northern Ireland.
35. Application to the Isle of Man.
36. Application to the Channel Islands.
37. Nominations.
38. Revocations.Schedule 1— Part I

 Schedule 1 
 Part IPersons entitled to hold index-linked certificates purchasedbefore 7th September 1981.
 Part IIMaximum holding of certificates issued before 10th September 1985.

 Schedule 2 —Nominations.

 Schedule 3 —Revocations.

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