Regulation 5 Maximum holding of bonds

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

reg. 5 amended by Premium Savings Bonds 1976
reg. 5 amended by Premium Savings Bonds 1980
reg.5(1) amended by Premium Savings Bonds 1993 reg.2
reg. 5(1) word substituted by Premium Savings Bonds (Maximum Holdings) 2014 reg. 2(2)
reg 5 am by Premium Savings Bonds Regulations 2003 reg 2

(1)

A person shall not purchase any bond or hold any bond purchased on his behalf if the total number of unit bonds which will be held by him immediately after the purchase will exceed 2,000.

(2)

In calculating for the purpose of this Regulation the total number of unit bonds which a person holds, a multiple bond shall be taken to be such a number of unit bonds as is represented by the multiple bond.