# The National Savings (No. 2) Regulations 2015, Regulation 71: Notice of trust not receivable by Director of Savings

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

(1) For the purposes of these Regulations—
(a) no notice of a trust can be received by the Director of Savings in relation to a bond;
(b) no notice of a charge, trust or other equitable interest can be received by the Director of Savings in relation to—
(i) a certificate; or
(ii) a children’s certificate;
(c) the Director of Savings, or a person acquiring an interest in a certificate, shall not be affected with notice of—
(i) a trust;
(ii) the fiduciary character of a holder; or
(iii) a fiduciary obligation attaching to the holding of the certificate,
by reason that the certificate is held in the name of a person as trustee, whether jointly with another person or solely.
(2) As to stock, see regulation 35.

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Source: https://www.legislation.gov.uk/uksi/2015/624/regulation/71 (the official version)
Page: https://openlegislation.uk/national-savings-no-2-regulations-2015/regulation-71
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.