After regulation 2, insert—“2A The following provisions of these Regulations shall not apply to an investment account of any description for which terms and conditions have been set pursuant to section 9A(1) of the National Savings Bank Act 1971—a regulations 4(3) to 4(5) (inclusive);b regulations 5 and 6;c regulations 8 to 19 (inclusive);d regulations 21 and 25;e regulations 27 to 29 (inclusive);f regulations 30 to 33 (inclusive);g regulations 35 to 38A (inclusive); andh regulations 42 and 46(2).2B Notwithstanding regulations 16(2), 20, 22(1), 28(2) and 43 below—a an ordinary account may not be opened after 28th January 2004,b an ordinary deposit may not be made after 31st July 2004, andc any withdrawal from an ordinary account after 31st July 2004must be for the whole amount standing to the credit of the account at the date of withdrawal and any accrued interest that has not been credited to the account.”
In regulation 11(5), after “1st January 1990” insert “and to an account opened after 28th January 2004 by transferring all the money held in an ordinary account to that account”.
After article 3, insert—“3ZA Article 3 shall not apply to an investment account of any description for which terms and conditions have been set pursuant to section 9A(1) of the National Savings Bank Act 1971.”
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