{
  "url": "https://openlegislation.uk/national-savings-regulations-2015/regulation-16",
  "json_url": "https://openlegislation.uk/national-savings-regulations-2015/regulation-16.json",
  "legislation": "uksi/2015/623",
  "legislation_title": "The National Savings Regulations 2015",
  "legislation_url": "https://openlegislation.uk/national-savings-regulations-2015",
  "path": "regulation/16",
  "kind": "regulation",
  "number": "16",
  "heading": "Accounts of building societies, industrial and provident societies and corporations",
  "text": "(1) This regulation applies only in relation to an account opened before 1st January 1990.\n(2) A deposit may be made in the name of—\n(a) a building society within the meaning of the Building Societies Act 1986 (or under enactments repealed by that Act);\n(b) in the name of a society registered under the Industrial and Provident Society Act 1965, the Industrial and Provident Societies Act (Northern Ireland) 1969 or the Co-operative and Community Benefit Societies and Credit Unions Act 2010; or\n(c) subject to the approval of the Director of Savings, in the name of any other body corporate or in the name of a corporation sole.\n(3) In the case of a corporation sole, a declaration in the approved form must be made by the person constituting the corporation.\n(4) An application to withdraw or transfer deposits must be made—\n(a) in the case of a society or other body corporate—\n(i) under its seal;\n(ii) by the secretary or treasurer; or\n(iii) by two of the directors;\n(b) in the case of a corporation sole, by the person constituting the corporation.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 16 in force at 6.4.2015, see reg. 1(1)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "1986 c. 53."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1965 c.12."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "1969 c.24."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "2010 c. 7."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/623/regulation/16",
    "retrieved_at": "2026-10-28T23:43:26.670511+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}