Paragraph 4 Revocation of nomination

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)

A nomination shall be revoked—

(a)

by the death of the nominee or, where there is more than onenominee, of all the nominees in the lifetime of the nominator;

(b)

so far as relates to the interest thereunder of any nominee, beingone of two or more nominees, by the death of that nominee in thelifetime of the nominator, unless the interest of that nominee isdisposed of by the nomination;

(c)

by the marriage of the nominator;

(d)

by written notice of revocation given in accordance with thisparagraph;

(e)

subject as hereinafter provided, by a subsequent nomination dulymade before 1st May 1981 by the same nominator, disposing of thenominator’s interest in any certificate to which the previous nominationrelates;

but a nomination shall not be revoked by any other act, event ormeans whatsoever:

Provided that a nomination disposing of the nominator’s interest inany certificate to which a previous nomination relates shall operate asa revocation of that nomination so far only as it relates to thatcertificate.

(2)

A notice of revocation for the purposes of these Regulations shallbe signed by the nominator in the presence of a witness, and thesignature of the nominator shall be attested by the witness, and thenotice shall be of no effect unless it is dispatched to the Director ofSavings during the lifetime of the nominator.

(3)

Notwithstanding that a nomination has been revoked by the marriageof the nominator, any payment or transfer which, before the marriagecomes to the knowledge of the Director of Savings, is made by him inrespect of any certificate held by the nominator at the date of hisdeath, being payment or transfer which would have been a lawful paymentor transfer if the nomination had not been so revoked, shall, subject tothe provisions of these Regulations for saving the rights of thirdparties, be as valid as if the nomination had not been so revoked.