{
  "url": "https://openlegislation.uk/first-option-bonds-exchange-of-securities-rules-2011",
  "json_url": "https://openlegislation.uk/first-option-bonds-exchange-of-securities-rules-2011.json",
  "id": "uksi/2011/1306",
  "title": "The FIRST Option Bonds (Exchange of Securities) Rules 2011",
  "short_title": "FIRST Option Bonds (Exchange of Securities) 2011",
  "long_title": "These Rules prescribe the effect of, and the procedures relating to, the acceptance of an offer to exchange FIRST Option Bonds for Guaranteed Growth Bonds. Holders of FIRST Option Bonds will be deemed to have accepted an offer of exchange made by the Director of Savings unless, prior to the redemption date of their FIRST Option Bonds, those holders have requested either repayment or an exchange for Guaranteed Growth Bonds with a longer term than those offered by the Director of Savings.",
  "citation": "S.I. 2011/1306",
  "type": "uksi",
  "year": "2011",
  "number": "1306",
  "version": "current",
  "date": "2011-05-23",
  "revised": false,
  "valid_from": null,
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  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/first-option-bonds-exchange-of-securities-rules-2011/introduction",
      "extent": null,
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      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/first-option-bonds-exchange-of-securities-rules-2011/article-1",
      "extent": null,
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      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/first-option-bonds-exchange-of-securities-rules-2011/article-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Deemed acceptance of offer",
      "url": "https://openlegislation.uk/first-option-bonds-exchange-of-securities-rules-2011/article-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Requesting repayment where the holder lacks capacity",
      "url": "https://openlegislation.uk/first-option-bonds-exchange-of-securities-rules-2011/article-4",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "Requesting repayment where the holder has died",
      "url": "https://openlegislation.uk/first-option-bonds-exchange-of-securities-rules-2011/article-5",
      "extent": null,
      "status": null,
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    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Effect of exchange",
      "url": "https://openlegislation.uk/first-option-bonds-exchange-of-securities-rules-2011/article-6",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/7",
      "kind": "article",
      "number": "7",
      "heading": "Notice of trusts",
      "url": "https://openlegislation.uk/first-option-bonds-exchange-of-securities-rules-2011/article-7",
      "extent": null,
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    },
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      "heading": "Signature",
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      "extent": null,
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    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/first-option-bonds-exchange-of-securities-rules-2011/note",
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      "status": null,
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    }
  ],
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      "date": "2011-05-25",
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      "url": "https://openlegislation.uk/first-option-bonds-exchange-of-securities-rules-2011/pdf/uksi_20111306_en.pdf",
      "source_url": "https://www.legislation.gov.uk/uksi/2011/1306/pdfs/uksi_20111306_en.pdf"
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    {
      "title": "Explanatory Memorandum",
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      "date": "2011-05-25",
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      "id": "ukpga/1968/13",
      "title": "National Loans Act 1968",
      "url": "https://openlegislation.uk/national-loans-act-1968",
      "provisions": [
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    }
  ],
  "changes_made_to": 0,
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  "instruments_made_under": 0,
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  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2011/1306",
    "retrieved_at": "2026-10-29T02:06:35.869805+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}