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Regulation 35 Interest on ordinary depositsI1

United Kingdom

For the purposes of section 5 of the 1971 Actf1 (interest on ordinary deposits), and without prejudice to section 7 of that Actf2 (withdrawal of deposits), and subject to regulation 3 (closure of ordinary deposit accounts), ordinary deposits withdrawn in accordance with these Regulations shall, where payment is made by warrant, be deemed to have been withdrawn on the date appearing on the warrant, which must be no earlier than the date on which the warrant is posted.

Annotations

Commencement

I1

Reg. 35 in force at 6.4.2015, see reg. 1(1)

Footnotes

f1

Section 5 was amended by the Finance Act 1989 c. 26 sections 184(2) to (4), 187, Schedule 17, Part XIII.

f2

Section 7 was amended by the Finance Act 1982 c. 39 section 151, Schedule 20, paragraph 6.