The National Savings Regulations 2015

has the meaning given in the 1998 Regulations;

means a statement which— (a) is for the calendar year ending with 31st December immediately preceding the issue of the statement;

means approved by the Director of Savings;

means a premium savings bond issued by the Treasury through the department of the Postmaster General or under the auspices of the Director of Savings, for the purpose of raising money under section 1 of the National Loans Act 1939 or section 12 of the National Loans Act 1968;

means, in relation to a withdrawal to be made by payment in cash, an advice in writing in the approved form setting out the amount to be withdrawn, the savings bank office at which the payment is to be made, the name of the payee and any evidence required by the Director of Savings under regulation 46;

means a certificate issued under the name of a war savings certificate or a national savings certificate by the Treasury through the department of the Postmaster General or under the auspices of the Director of Savings for the purpose of raising money authorised to be raised by any Act;

means a penny savings bank, or a charitable or provident institution or society, and includes a charitable donation or bequest for the maintenance, education, or benefit of the poor;

means the declaration by a depositor required under regulation 6;

means a deposit in the National Savings Bank, including part of a deposit as the context requires;

means a person in whose name deposits have been made in the National Savings Bank;

means an individual savings account for which terms and conditions have been set under section 9A(1) of the 1971 Act;

means transferring money by electronic or automated processes, which do not involve the delivery or collection of a payable instrument or the delivery of cash, to a bank or building society account to which payment is capable of being made by those processes;

means a friendly society (or a branch of that society) registered under the Friendly Societies Act 1974 and a reference to an incorporated friendly society means a society incorporated under the Friendly Societies Act 1992;

means an account of investment deposits made under regulation 25;

means a statement which— (a) is for the period of less than 12 months beginning with 1st January and ending with the day before the day on which the statement is issued;

has the same meaning as in the 1971 Act;

means an individual savings account which comes within the meaning of “junior ISA account” in regulation 2B of the 1998 Regulations;

means an application—

means a nomination— directing that, on death, the nominator’s interest devolve on one or more persons (the “nominee” or “nominees”) according to the manner specified in the nomination.

has the same meaning as in the 1971 Act;

means a person who lacks capacity within the meaning given by (or in) the Mental Capacity Act 2005;

means an individual savings account other than a Direct ISA.

means the National Savings Bank;

means the receipt and repayment of deposits in the National Savings Bank and business incidental to such receipt and repayment;

means a place at which savings bank business is transacted;

includes an unincorporated body of persons.

means stock or securities registered in the register;

means the National Savings Bank Act 1971;

means the Individual Savings Account Regulations 1998;

means the National Debt Commissioners;

means a security issued by the Treasury under the auspices of the Director of Savings for the purpose of raising money under the National Loans Act 1968;

means the Solicitor for the affairs of Her Majesty’s Treasury;

includes a codicil.