# The National Savings (No. 2) Regulations 2015, Regulation 9: Payments to persons who lack capacity

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

(1) An application for payment of the amount repayable, or any other amount payable, in relation to a bond held by a person who lacks capacity must be made by that person’s deputy.
(2) Where a holder of a bond is a person who lacks capacity for whom no deputy has been appointed, the Director of Savings may, upon it being shown that it is expedient to do so, pay the whole or any part of the amount repayable (or any other amount payable) to a person who the Director of Savings is satisfied will apply it for the maintenance or otherwise for the benefit of that holder.

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Source: https://www.legislation.gov.uk/uksi/2015/624/regulation/9 (the official version)
Page: https://openlegislation.uk/national-savings-no-2-regulations-2015/regulation-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.