Regulation 7 Payment on withdrawals from individual savings accounts

For the definition of “cash payment advice” in regulation 2(1)^f1 of the Principal Regulations substitute—

• “”cash payment advice” means, in relation to a withdrawal to be made by payment in cash, an advice in writing in the approved form setting out the amount to be withdrawn, the savings bank office at which the payment is to be made, the name of the payee and any evidence required by the Director of Savings under regulation 53(1) below in relation to that withdrawal;”.