{
  "url": "https://openlegislation.uk/savings-certificates-yearly-plan-regulations-1984/note",
  "json_url": "https://openlegislation.uk/savings-certificates-yearly-plan-regulations-1984/note.json",
  "legislation": "uksi/1984/779",
  "legislation_title": "The Savings Certificates (Yearly Plan) Regulations 1984",
  "legislation_url": "https://openlegislation.uk/savings-certificates-yearly-plan-regulations-1984",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "These Regulations contain provisions relating to the making and recording of agreements for the purchase of National Savings Certificates by installments. The main provisions of the Regulations are as follows:\n(1) agreements may be entered into only by individuals aged seven or more, and by not more than two trustees (Regulation 4); and the maximum payment permitted by or on behalf of any one person is £100 per month (Regulation 5);\n(2) transfers of agreements may only be made at the discretion of the Director of Savings (Regulation 12);\n(3) certain nominations previously made in respect of National Savings Certificates will apply to certificates purchased under the agreements (Regulation 13);\n(4) in case of the death of a person who had entered into an agreement, payment may be made to his personal representative (Regulations 14) or, where the amount repayable does not exceed £5,000, payment may be made without a grant of representation to the persons specified in Regulation 15;\n(5) disputes are to be referred to the Chief Registrar of Friendly Societies (Regulation 23);\n(6) no notice of trust is receivable by the Director of Savings in respect of an agreement or certificates purchased thereunder (Regulation 24);\n(7) the Treasury and the Director of Savings are indemnified in respect of payments duly made and acts duly done under the Regulations (Regulation 27).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1984/779/note",
    "retrieved_at": "2026-10-29T17:40:01.803916+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}