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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Premium Savings Bonds (Maximum Holdings) (Amendment) Regulations 2014 No. 1182 URL: http://www.bailii.org/uk/legis/num_reg/2014/uksi_20141182_en_1.html |
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Statutory Instruments
National Debt
Made
6th May 2014
Laid before Parliament
7th May 2014
Coming into force
1st June 2014
The Treasury, in exercise of the powers conferred by section 11 of the National Debt Act 1972(1), make the following Regulations:
1. These Regulations may be cited as the Premium Savings Bonds (Maximum Holdings) (Amendment) Regulations 2014 and come into force on 1st June 2014.
2. (1) Regulation 5 (maximum holdings of bonds) of the Premium Savings Bonds Regulations 1972(2) is amended as follows.
(2) In paragraph (1) for "30,000" substitute "40,000".
Anne Milton
John Penrose
Two of the Lords Commissioners of Her Majesty's Treasury
6th May 2014
(This note is not part of the Regulations)
These Regulations, which amend the Premium Savings Bonds Regulations 1972, increase the maximum holding of premium bonds a person is permitted from 30,000 to 40,000 bond units.
S.I. 1972/765; relevant amending instruments are S.I. 1976/1543, 1978/1297, 1980/452, 1993/782 and 2003/1085.
