Regulation 6 Applications for repayment

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

reg. 6(1) words omitted by Savings Certificates (Children’s Bonus Bonds) 2012 reg. 8(a)(i)
reg. 6(1) words omitted by Savings Certificates (Children’s Bonus Bonds) 2012 reg. 8(a)(ii)
reg. 6(1A) inserted by Savings Certificates (Children’s Bonus Bonds) 2012 reg. 8(b)
reg. 6(2A) inserted by Savings Certificates (Children’s Bonus Bonds) 2012 reg. 8(c)

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(1)

Application for payment of the amount repayable in respect of a certificate shall be made in writing in a manner approved by the Director of Savings and shall (subject to the provisions of these Regulations relating to payment in the case of special classes of persons) be made by the holder of a certificate who has attained the age of sixteen years. Where repayment is requested on a specified date the application may not, unless the Director of Savings otherwise agrees, be made more than two months before that date. Unless the Director of Savings otherwise directs or agrees any application for repayment shall be made to the Children’s Bonus Bond Office, National Savings Bank, Glasgow.

(2)

In the case of a multiple certificate, an application may be made for repayment in respect of any number of the unit certificates represented by the multiple certificate.

(3)

The holder of a certificate, being a person who has attained the age of sixteen years, shall not, unless the Director of Savings is satisfied that it is appropriate for him to do so, authorise any person to apply for or receive on his behalf the amount repayable in respect of the certificate.