
1 
These Regulations may be cited as the Premium Savings Bonds (Amendment) Regulations 1999 and shall come into force on 3rd January 2000.
2 
Regulation 4 of the Premium Savings Bonds Regulations 1972 (persons entitled to purchase and hold bonds) shall be amended—
(a) in paragraph (3)—
(i) by omitting the word “and” at the end of sub-paragraph (a) and inserting it at the end of sub-paragraph (b), and
(ii) by inserting after sub-paragraph (b) the following new sub-paragraph—“
(c) subject to the approval of the Director of Savings, on behalf of and in the name of an eligible person, by any other person acting in pursuance of a power of attorney created by that eligible person;”; and
(b) by inserting after paragraph (4) the following new paragraph—“
(5) In this Regulation, “eligible person” means any person who—
(a) may purchase a bond under paragraph (1) of this Regulation, or
(b) is a mentally disordered person.”.
David Jamieson
Bob Ainsworth
Two of the Lords Commissioners of Her Majesty’s Treasury
9th December 1999