
1 
These Regulations may be cited as the Premium Savings Bonds (Amendment) Regulations 1976, and shall come into operation on the 1st November 1976.
2 

(1) In these Regulations the “principal regulations” means the Premium Savings Bonds Regulations 1972 as amended by the Premium Savings Bonds (Amendment) Regulations 1975.
(2) The Interpretation Act 1889 shall apply for the interpretation of these Regulations as it applies for the interpretation of an Act of Parliament.
3 
The principal regulations shall be amended—
(a) in Regulation 2(1)—
(i) in the definition of “multiple bond” by substituting for the words “unit bonds” wherever they appear the words “bond units”;
(ii) by substituting for the definition of “unit bond” the following definition—“

 “unit” means, in relation to bonds of any series, the unit in which bonds of that series are denominated.
”
(b) in Regulation 5 by substituting for the words “unit bonds” wherever they appear the words “bond units”;
(c) by substituting for Regulation 6 the following Regulation—“


6 
Not less than five bond units may be purchased in the name of any one person at any time, and bonds shall not be purchased except in five bond units or multiples thereof.
”;

(d) in Regulation 7(2) by substituting for the words “unit bonds” the words “bond units”;
(e) in Regulation 8(4) by substituting for the words “unit bond” the words “bond unit”;
(f) in Regulation 19(1)(b) by substituting for the words “unit bonds” the words “bond units”.
David Stoddart
T. Pendry
Two of the Lords Commissioners of Her Majesty's Treasury
15th September 1976