# The National Savings (No. 2) Regulations 2015, Regulation 8: Payments to minors under sixteen years of age

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

(1) Where a bond is held by a minor under the age of sixteen years, no payment may be made to the minor in relation to the bond.
(2) A payment of the amount repayable, or any other amount payable, in relation to a bond held by a minor under the age of sixteen years must be made to, and on the application of, a person who the Director of Savings is satisfied is a proper person to receive payment.

---
Source: https://www.legislation.gov.uk/uksi/2015/624/regulation/8 (the official version)
Page: https://openlegislation.uk/national-savings-no-2-regulations-2015/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.