Regulation 2
Regulation 4 of the Premium Savings Bonds Regulations 1972f1 (persons entitled to purchase and hold bonds) shall be amended—
(a)
in paragraph (3)—
(i)
by omitting the word “and” at the end of sub-paragraph (a) and inserting it at the end of sub-paragraph (b), and
(ii)
by inserting after sub-paragraph (b) the following new sub-paragraph—
“(c)subject to the approval of the Director of Savings, on behalf of and in the name of an eligible person, by any other person acting in pursuance of a power of attorney created by that eligible person;”; and
(b)
by inserting after paragraph (4) the following new paragraph—
“(5)In this Regulation, “eligible person” means any person who—
(a)may purchase a bond under paragraph (1) of this Regulation, or
(b)is a mentally disordered person.”.