Regulation 3 Removal of notice period in respect of withdrawals or transfers of investment deposits

Regulation 29^f1 of the Principal Regulations (withdrawal or transfer of investment deposits) is amended as follows.

In the heading of regulation 29 after “investment deposits” insert “from treasurers' accounts”.

In paragraph (1) after “deposited” insert “in a treasurer’s account”.

In paragraph (1A) for the words from “the relevant prior notice” to the end, substitute “the relevant prior notice is 30 days”.

Omit paragraphs (9), (10) and (12).

In paragraph (11) for “one month” substitute “30 days”.