Statutory Instrument 1993 No. 783

The National Savings Stock Register (Amendment) Regulations 1993

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© Crown Copyright 1993

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1993 No. 783

NATIONAL DEBT

The National Savings Stock Register (Amendment) Regulations 1993

The Treasury, in exercise of the powers conferred on them by section 3 of the National Debt Act 1972^[1] and of all other powers enabling them in that behalf, hereby make the following Regulations:—

    1.    These Regulations may be cited as the National Savings Stock Register (Amendment) Regulations 1993 and shall come into force on 7th April 1993.

    2.    The National Savings Stock Register Regulations 1976^[2] shall be amended in regulations 5A(1), (3), (4) and 7(1) by substituting for the figures "£10,000" the figures "£25,000".

Tim Wood

Irvine Patnick

Two of the Lords Commissioners of Her Majesty's Treasury

17th March 1993

These Regulations amend the National Savings Stock Register Regulations 1976 so as to raise from £10,000 to £25,000 two limits imposed by those Regulations. These relate to the nominal value of stock of any one issue which may be registered in the National Savings Stock Register in the name of any person under regulation 5(5) (subscription of stock through the Bank of England) and the value of stock of any one description which may be purchased on any one day under regulation 6 (purchase of stock through the National Debt Commissioners).

[1] 1972 c. 65; section 3 was amended by paragraph 19 of Schedule 5 and by Schedule 6 to the Trustee Savings Bank Act 1976 (c. 4). back

[2] S.I. 1972/765; relevant amending instruments are S.I. 1976/1543, 1978/1297, 1980/452, 1987/1635. back