{
  "url": "https://openlegislation.uk/national-savings-stock-register-closure-of-register-to-gilts-order-1998",
  "json_url": "https://openlegislation.uk/national-savings-stock-register-closure-of-register-to-gilts-order-1998.json",
  "id": "uksi/1998/1446",
  "title": "The National Savings Stock Register (Closure of Register to Gilts) Order 1998",
  "short_title": "National Savings Stock Register (Closure of Register to Gilts) 1998",
  "long_title": "This Order closes the National Savings Stock Register (“the Register”) to the registration of gilts on and after 20th July 1998, and provides for all gilts registered in that Register at the beginning of that day to be transferred to the books of the Bank of England (“the Bank”) (articles 3 and 4). “Gilts” is defined for the purposes of the Order as stock or bonds of any of the descriptions included in Part I of Schedule 11 to the Finance Act 1942 (which describes the stock and bonds that are registrable in the books of the Bank of England). The Order also transfers to the Bank all the rights and liabilities of the Director of Savings arising before 20th July 1998 in relation to the registration of gilts or any transaction associated with it (article 5).",
  "citation": "S.I. 1998/1446",
  "type": "uksi",
  "year": "1998",
  "number": "1446",
  "version": "current",
  "date": "1998-06-11",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 18,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/national-savings-stock-register-closure-of-register-to-gilts-order-1998/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "part/1",
      "kind": "part",
      "number": null,
      "heading": "PRELIMINARY",
      "url": null,
      "extent": null,
      "status": null,
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    },
    {
      "path": "article/1",
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      "number": "1",
      "heading": "Title and commencement",
      "url": "https://openlegislation.uk/national-savings-stock-register-closure-of-register-to-gilts-order-1998/article-1",
      "extent": null,
      "status": null,
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      "path": "article/2",
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      "number": "2",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/national-savings-stock-register-closure-of-register-to-gilts-order-1998/article-2",
      "extent": null,
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      "path": "part/2",
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      "number": null,
      "heading": "CLOSURE AND TRANSFER",
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    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Exclusion of gilts from registration in the Register",
      "url": "https://openlegislation.uk/national-savings-stock-register-closure-of-register-to-gilts-order-1998/article-3",
      "extent": null,
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    {
      "path": "article/4",
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      "number": "4",
      "heading": "Transfer of existing gilts registrations to the books of the Bank",
      "url": "https://openlegislation.uk/national-savings-stock-register-closure-of-register-to-gilts-order-1998/article-4",
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      "path": "article/5",
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      "heading": "Transfer to the Bank of rights and liabilities of the Director of Savings",
      "url": "https://openlegislation.uk/national-savings-stock-register-closure-of-register-to-gilts-order-1998/article-5",
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    {
      "path": "part/3",
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      "heading": "APPLICATIONS AND PROCEEDINGS",
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    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Applications to exchange gilts in the Register for gilts in the books of the Bank",
      "url": "https://openlegislation.uk/national-savings-stock-register-closure-of-register-to-gilts-order-1998/article-6",
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    {
      "path": "article/7",
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      "heading": "Applications to exchange gilts in the books of the Bank for gilts in the Register",
      "url": "https://openlegislation.uk/national-savings-stock-register-closure-of-register-to-gilts-order-1998/article-7",
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    {
      "path": "article/8",
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      "heading": "Applications for the sale of gilts pending on the specified day",
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    {
      "path": "article/9",
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      "heading": "Applications to purchase gilts pending on the specified day",
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    {
      "path": "article/10",
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      "heading": "Applications to subscribe for gilts pending on the specified day",
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      "path": "article/11",
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    {
      "path": "article/12",
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      "heading": "Applications to exchange gilts in the Register for gilts in the books of the Bank of Ireland pending on the specified day",
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      "heading": "Application to exchange gilts in the books of the Bank of Ireland for gilts in the Register pending on the specified day",
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    {
      "path": "article/14",
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      "heading": "Old style applications made after the specified day",
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    {
      "path": "article/15",
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      "heading": "Adjudications etc pending on the specified day",
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    {
      "path": "part/4",
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      "heading": "EXISTING RULES AND ARRANGEMENTS PRESERVED IN CERTAIN CASES",
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    {
      "path": "article/16",
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      "path": "article/17",
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      "heading": "Nominations not carried fully into effect by the specified day where the nominator dies before that day",
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      "heading": "Effect of nominations where the nominator does not die before the specified day",
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    {
      "path": "article/19",
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      "number": "19",
      "heading": "Existing arrangements for the payment of dividends",
      "url": "https://openlegislation.uk/national-savings-stock-register-closure-of-register-to-gilts-order-1998/article-19",
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    {
      "path": "article/20",
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      "heading": "Existing arrangements for joint holders to act by majority",
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    {
      "path": "article/21",
      "kind": "article",
      "number": "21",
      "heading": "Existing arrangements for payments into the National Savings Bank",
      "url": "https://openlegislation.uk/national-savings-stock-register-closure-of-register-to-gilts-order-1998/article-21",
      "extent": null,
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    {
      "path": "part/5",
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      "number": null,
      "heading": "UNCLAIMED GILTS AND MONEYS",
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    {
      "path": "article/22",
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      "heading": "Unclaimed dividends and redemption moneys paid to the Commissioners before the specified day",
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      "heading": "Unclaimed stock transferred to the Commissioners before the specified day",
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      "affected_provisions": "art. 18(12)",
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      "affecting_title": "The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004",
      "affecting_provisions": "Sch. para. 27(3)(c)(i)"
    },
    {
      "type": "words inserted",
      "affected_provisions": "art. 18(12)",
      "affecting": "uksi/2004/1662",
      "affecting_title": "The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004",
      "affecting_provisions": "Sch. para. 27(3)(c)(ii)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "art. 19(2)",
      "affecting": "uksi/2004/1662",
      "affecting_title": "The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004",
      "affecting_provisions": "Sch. para. 27(4)(a)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "art. 19(2)-(3)",
      "affecting": "uksi/2004/1662",
      "affecting_title": "The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004",
      "affecting_provisions": "Sch. para. 27(4)(b)"
    },
    {
      "type": "inserted",
      "affected_provisions": "art. 19(4)",
      "affecting": "uksi/2004/1662",
      "affecting_title": "The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004",
      "affecting_provisions": "Sch. para. 27(4)(c)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "art. 20(3)-(4)",
      "affecting": "uksi/2004/1662",
      "affecting_title": "The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004",
      "affecting_provisions": "Sch. para. 27(5)"
    },
    {
      "type": "substituted",
      "affected_provisions": "art. 25",
      "affecting": "uksi/2004/1662",
      "affecting_title": "The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004",
      "affecting_provisions": "Sch. para. 27(6)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "art. 29(1)",
      "affecting": "uksi/2004/1662",
      "affecting_title": "The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004",
      "affecting_provisions": "Sch. para. 27(7)(a)"
    },
    {
      "type": "revoked",
      "affected_provisions": "Regulations",
      "affecting": "uksi/2015/624",
      "affecting_title": "The National Savings (No. 2) Regulations 2015",
      "affecting_provisions": "Sch. 2"
    }
  ],
  "made_under": [
    {
      "id": "ukpga/1998/11",
      "title": "Bank of England Act 1998",
      "url": "https://openlegislation.uk/bank-of-england-act-1998",
      "provisions": [
        "section/33"
      ]
    }
  ],
  "changes_made_to": 18,
  "changes_made_to_url": "https://openlegislation.uk/national-savings-stock-register-closure-of-register-to-gilts-order-1998/changes.json",
  "changes_made_by": 20,
  "changes_made_by_url": "https://openlegislation.uk/national-savings-stock-register-closure-of-register-to-gilts-order-1998/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/national-savings-stock-register-closure-of-register-to-gilts-order-1998/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1998/1446",
    "retrieved_at": "2026-10-29T11:27:24.398883+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."
}