Regulation 15 Accounts of charitable and other societiesI1

This regulation applies only in relation to an account opened (a) before 1st January 1990 or (b) after 28th January 2004 by transferring an amount held in an ordinary account to that account.

A deposit may be made by the trustees or treasurer of a charitable society or by the trustees or treasurer of any other society of amounts belonging to a fund, being a fund which the Director of Savings considers appropriate to be deposited in the National Savings Bank.

The trustees or treasurer must provide to the Director of Savings—

Subject to paragraph (5), the trustees or treasurer may, by direction in the approved form, amend their application for authority to make deposits so far as it relates to the specification of the officers or members of the society who must sign applications to withdraw or transfer deposits.

An application to withdraw or transfer deposits may be made by a person recognised by the Director of Savings as entitled to sign the application.

In this regulation “society” includes an unincorporated body of persons.