Regulation 5 Subscription for stock

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg. 5(1A)-(1C) inserted by National Savings Stock Register 2013 reg. 4
regs.4(2),5(2) rev. in pt. by National Savings Stock Register (Closure of Register to Gilts) 1998 art.30(2), Sch.2, Pt.II
regs.5(3)(4)(5),5A,6,7,11, 11A revoked by National Savings Stock Register (Closure of Register to Gilts) 1998 art.30(2), Sch.2, Pt.II
reg. 5 amended by National Savings Stock Register 1987
reg 5 amended by National Savings Stock Register 1999 reg.2
reg. 5(2) words omitted by National Savings Stock Register 2012 reg. 4(a)

(1)

The Director of Savings may, within such periods and subject to such conditions as may be authorised by the Treasury, accept subscriptions for stock of any issue directed by the Treasury to be registered in the register.

(2)

Application to subscribe for stock of any such issue shall be made by delivering to any place at which the business of the National Savings Bank is transacted, or to any agent authorised by the Director of Savings for the purpose, an application in writing in the approved form, together with the full amount of the subscription money calculated at the issue price of the stock:

Provided that, for the purpose of facilitating periodical subscriptions for stock, the Director of Savings may, with the consent of the Treasury, issue to any person who has applied to become a subscriber for any stock a book in the approved form (hereafter in these Regulations referred to as a “subscription book”), and any person to whom a subscription book has been issued may make application to subscribe for stock of the same description and issue as that in respect of which the book was issued by presenting the subscription book, together with the full amount of the subscription money calculated as aforesaid, in such manner as the Director of Savings may direct.