Regulation 2

Where an annuitant notifies the Commissioners that he desires payments to be made to a mandatory, the Commissioners will prepare a form of mandate and forward it to him for signature, and on receiving the mandate duly signed the Commissioners will register it in their books.

Where an annuitant desires to appoint a banker as mandatory, he shall appoint the London office of such banker or, if the banker has no London office, the London agent of such banker.