# The National Savings Regulations 2015, Regulation 21: Deposit books, transaction records and statements

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

(1) No new deposit books may be issued by the Director of Savings, and no new entries in relation to transactions may be made in deposit books.
(2) A deposit book remains the property of the Director of Savings and must be delivered up when required.
(3) Following any transaction, other than a deposit made by electronic transfer, the Director of Savings must issue promptly to the depositor a statement which confirms the details of the transaction and indicates the balance of the account immediately after the transaction.
(4) The Director of Savings must issue promptly to each depositor—
(a) an interim statement on request; and
(b) an annual statement after 1st January each year.
(5) In this regulation—
“annual statement” means a statement which—
(a) is for the calendar year ending with 31st December immediately preceding the issue of the statement; and
(b) shows in relation to an account—
(i) interest that has been added;
(ii) all transactions; and
(iii) the balance of the account at the end of that calendar year;
“interim statement” means a statement which—
(a) is for the period of less than 12 months beginning with 1st January and ending with the day before the day on which the statement is issued; and
(b) shows in relation to an account—
(i) all transactions; and
(ii) the balance of the account at the end of that period;
“transaction”, in relation to a depositor’s account, means any deposit, withdrawal, transfer or repayment.

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Source: https://www.legislation.gov.uk/uksi/2015/623/regulation/21 (the official version)
Page: https://openlegislation.uk/national-savings-regulations-2015/regulation-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.