# The National Savings Stock Register Regulations 1976, Regulation 6: Purchase of stock


(1) Application to purchase stock through the Director of Savings shall be made by delivering to him an application in writing in the approved form accompanied, except where the Director of Savings otherwise directs, by a sum sufficient to include the purchase price of the stock and the proper amount payable under these Regulations by way of commission on the purchase of stock.
(2) As soon as practicable after receiving an application to purchase stock the Director of Savings shall, subject to the provisions of these Regulations imposing a limit on the amount or value of stock which may be purchased on any one day, cause the purchase of the stock to be effected through the Commissioners.
(3) If the sum received by the Director of Savings in respect of an application to purchase stock is insufficient to defray the aggregate of the purchase price of the stock and the commission payable under these Regulations in respect of the purchase, the Director of Savings shall send to the applicant a notification of the amount of the deficiency, and, if that amount is not received within seven days after the day on which the notification was sent, the Director of Savings may authorise the sale of the stock and may, before making repayment to the applicant, deduct from the sum received from him the amount of the commission payable under these Regulations in respect of the purchase and sale, and the amount, if any, by which the purchase price of the stock exceeds the amount received on the sale of the stock.
(4) If the sum received by the Director of Savings in respect of an application to purchase stock is in excess of the sum required to defray the amount of the purchase price of the stock and the commission payable under these Regulations in respect of the purchase, he shall return to the applicant the amount of the excess.
(5) This Regulation shall apply only to stock which is of a description corresponding to stock or securities transferable in the books of the Bank of England.

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Source: https://www.legislation.gov.uk/uksi/1976/2012/regulation/6 (the official version)
Page: https://openlegislation.uk/national-savings-stock-register-regulations-1976/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.