# The National Savings (No. 2) Regulations 2015, Regulation 23: Transfers

Extent: E+W+S+N.I.

(1) An application to transfer stock must be made in the approved form, together with any related certificate or subscription book.
(2) No instrument of transfer in connection with the transfer of stock may be required to be under seal.
(3) The transferor of stock is deemed to remain the holder until the Director of Savings has given effect to the transfer.
(4) The death of a person who has made an application to transfer stock shall not of itself terminate the authority for the transfer to be made, but if the Director of Savings receives notice before the transfer that the applicant has died, the transfer must not be made.
(5) Stock may not be transferred except with the consent of the Director of Savings.

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Source: https://www.legislation.gov.uk/uksi/2015/624/regulation/23 (the official version)
Page: https://openlegislation.uk/national-savings-no-2-regulations-2015/regulation-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.