# The Government Annuities Payment (Amendment) Regulations 2010

S.I. 2010/773 · made 10 March 2010

These Regulations amend the Government Annuities Payment Regulations 1958 (S.I. 1958/1181) to allow the National Debt Commissioners to make payment by means other than a warrant addressed to the cashiers of the Bank of England. These Regulations also provide that the National Debt Commissioners will obtain a good discharge when they make payment by electronic transfer to an account specified by the annuitant, his mandatory or attorney.

Made under: 1929 c. 29 (Section 27, Section 52)

PDFs: Printed copy https://openlegislation.uk/government-annuities-payment-amendment-regulations-2010/pdf/uksi_20100773_en.pdf

## Introductory text

Government Annuities
Made 10th March 2010
Coming into force 1st April 2010
The National Debt Commissioners, in exercise of the powers conferred by sections 27(2) and 52(1) of the Government Annuities Act 1929 and with the concurrence of the Treasury, make the following Regulations:

## 1 Citation and commencement

These Regulations may be cited as the Government Annuities Payment (Amendment) Regulations 2010 and come into force on 1st April 2010.

## 2 Amendment of the Government Annuities Payment Regulations 1958

The Government Annuities Payment Regulations 1958 are amended as follows.

## 3 Amendment of the Government Annuities Payment Regulations 1958

In regulation 1, for the words from “addressed to” to the end, substitute “or, if the Commissioners so direct, by electronic transfer to an account to which payment is capable of being made by that means.”.

## 4 Amendment of the Government Annuities Payment Regulations 1958

After regulation 5, insert—
“5A. Payment in good faith and in the ordinary course of business by electronic transfer, in accordance with regulation 1, to the account last specified to the Commissioners by the annuitant or his mandatory or attorney will be a good discharge to the Commissioners.”.

## 5 Amendment of the Government Annuities Payment Regulations 1958

In regulation 6, after “National Debt Commissioners;”, insert—
““electronic transfer” means a system for transferring money to a bank account by means of electronic or automated processes which do not involve the delivery and collection of a payable instrument or the delivery of cash;”.

## Signature

Martin Duffell
On behalf of the National Debt Commissioners
22nd February 2010
We concur
Tony Cunningham
Frank Roy
Two of the Lords Commissioners of Her Majesty’s Treasury
10th March 2010

## Explanatory note

(This note is not part of the Regulations)
These Regulations amend the Government Annuities Payment Regulations 1958 (S.I. 1958/1181) to allow the National Debt Commissioners to make payment by means other than a warrant addressed to the cashiers of the Bank of England. These Regulations also provide that the National Debt Commissioners will obtain a good discharge when they make payment by electronic transfer to an account specified by the annuitant, his mandatory or attorney.

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Source: https://www.legislation.gov.uk/uksi/2010/773 (the official version)
Page: https://openlegislation.uk/government-annuities-payment-amendment-regulations-2010
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.