Regulation 65 Record of partial repaymentsI1

United Kingdom

(1)

This regulation applies in relation to—

(a)

a Children’s Bond; and

(b)

a Children’s Bonus Bond from and including the anniversary of its date of purchase that falls after 19th September 2012 and before 20th September 2013.

(2)

Where part of a children’s certificate to which this regulation applies has been repaid, the Director of Savings must promptly make available to the holder a record of—

(a)

the amount repaid;

(b)

the capital value of the part of the certificate that has not been repaid;

(c)

the annual rate of interest applying to that certificate; and

(d)

the date on which the current term of that certificate will end.

(3)

Nothing in the terms and conditions applying to a children’s certificate to which this regulation applies shall require the Director of Savings to issue that certificate in documentary form.

Annotations

Commencement

I1: Reg. 65 in force at 6.4.2015, see reg. 1(1)