Paragraph 21 National Savings Bank Regulations 1972

(1)

The National Savings Bank Regulations 1972^f1 are amended as follows.

(2)

In regulation 38A^f2 (nominations which also apply to stock held in the books of the Bank of England)—

(a)

in paragraph (2), for “Bank of England” there is substituted “Registrar of Government Stock”;

(b)

in paragraph (3), for “Bank of England receive” there is substituted “Registrar of Government Stock receives”;

(c)

in paragraphs (4) to (6), for “Bank” there is substituted “Registrar of Government Stock”.

(3)

In paragraph (3)(a) of regulation 41^f3 (death duties or inheritance tax chargeable on death of depositor), for “in the books of the Bank of England” there is substituted “in the registers kept by the Registrar of Government Stock in accordance with regulations under section 47 of the Finance Act 1942 (see regulation 7 of the Government Stock Regulations 2004)”.

Annotations

Footnotes

f1: S.I. 1972/764.
f2: Regulation 38A was inserted by S.I. 1998/1446, Schedule 1, paragraph 4.
f3: Paragraph (3) of regulation 41 was substituted by S.I. 1978/888.