Paragraph 1 Power of Holder of Certificate to nominate

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

Sch. 2 para. 4(1)(c) words inserted by Civil Partnership Act 2004 (Amendments to Subordinate Legislation) 2005 art. 2(16) Sch. 16 para. 11(5)(a)
Sch. 2 para. 4(3) words inserted by Civil Partnership Act 2004 (Amendments to Subordinate Legislation) 2005 art. 2(16) Sch. 16 para. 11(5)(b)(i)
Sch. 2 para. 4(3) words inserted by Civil Partnership Act 2004 (Amendments to Subordinate Legislation) 2005 art. 2(16) Sch. 16 para. 11(5)(b)(ii)
Sch. 2 para. 6(3) words substituted by Savings Certificates 2012 reg. 23

(1)

Subject to the provisions of these Regulations, a holder of acertificate, being a person who has attained the age of sixteen years,may before 1st May 1981 make a nomination directing that, on his death,his interest in any certificate then held by him shall devolve in suchmanner as may, in accordance with the provisions of sub-paragraph (2) ofthis paragraph, be provided by the nomination. A nomination made after30th April 1981 shall be of no effect.

(2)

A nomination may provide—

(a)

that the interest of the nominator in all certificates held byhim at the date of his death shall devolve on any one or more personsspecified in the nomination; or

(b)

that the interest of the nominator in such of those certificates asmay be specified in the nomination shall devolve on any nominee ornominees so specified; or

(c)

where there is more than one nominee, that the interest of thenominator in different certificates shall devolve on differentnominees.