
1 
These Regulations may be cited as the Premium Savings Bonds (Amendment) Regulations 1989 and shall come into force on 1st July 1989.
2 
The Premium Savings Bonds Regulations 1972 shall be amended by substituting the following regulation for regulation 6 –“
6 

(1) Except in the case of bonds purchased under regulation 4(3)(a) of these Regulations (bonds purchased on behalf of a person under the age of sixteen years), not less than one hundred bond units shall be purchased in the name of any one person at any time. In the case of bonds purchased under regulation 4(3)(a) of these Regulations, not less than ten bond units shall be purchased in the name of any one person at any time. In either case, bonds shall not be purchased except in multiples of ten bond units.
(2) The foregoing paragraph shall not operate to prevent the purchase of less than one hundred bond units or the purchase of bonds in multiples of less than ten bond units if it appears to the Director of Savings that the purchase was made through an agent of the Director who did not make the purchaser aware of the limits contained in the foregoing paragraph and the Director in his discretion considers it just and reasonable that the purchase be treated as valid.”.
Stephen Dorrell
David Maclean
Two of the Lords Commissioners of Her Majesty’s Treasury
11th April 1989