{
  "url": "https://openlegislation.uk/national-savings-stock-register-amendment-regulations-1996/note",
  "json_url": "https://openlegislation.uk/national-savings-stock-register-amendment-regulations-1996/note.json",
  "legislation": "uksi/1996/156",
  "legislation_title": "The National Savings Stock Register (Amendment) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/national-savings-stock-register-amendment-regulations-1996",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the National Savings Stock Register Regulations 1976. Regulation 12 of those Regulations provides for commission to be payable to the Director of Savings when stock on the National Savings Stock Register is purchased or sold through him. The rates of commission are set out in Schedule 1 to the Regulations. These Regulations alter the rates of commission due.\nThe old rates of commission on purchases were as follows; £5 or 0.6%, whichever was greater, where the consideration for the transaction did not exceed £5,000; in all other cases £30 plus 0.35% of the amount by which the consideration exceeded £5,000.\nThe old rates of commission on sales were as follows; 0.6% of the proceeds where the transaction did not exceed £5,000; in all other cases £30 plus 0.35% of the amount by which the proceeds exceeded £5,000.\nThe effect of the amendments is illustrated in the examples provided in the tables below:\nPurchases\nValue of transactions\n£250\n£1,000\n£5,000\n£10,000\n£20,000\nOld rate of commission\n£5.00\n£6.00\n£30.00\n£47.50\n£82.50\nNew rate of commission\n£12.50\n£12.50\n£35.00\n£53.75\n£91.25\nSales\nValue of transactions\n£250\n£1,000\n£5,000\n£10,000\n£20,000\nOld rate of commission\n£1.50\n£6.00\n£30.00\n£47.50\n£82.50\nNew rate of commission\n£1.75\n£7.00\n£35.00\n£53.75\n£91.25",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/156/note",
    "retrieved_at": "2026-10-29T12:53:54.854144+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."
}