The Savings Certificates (Yearly Plan) (Amendment) Regulations 1988

• Citation: S.I. 1988/1357
• Sections: 2

Section 1 Citation and commencement

These Regulations may be cited as the Savings Certificates (Yearly Plan) (Amendment) Regulations 1988 and shall come into force on 22nd August 1988.

Section 2 Amendment of principal Regulations

The Savings Certificates (Yearly Plan) Regulations 1984 shall be amended as follows:

(a) in regulation 5(1) for the words “£200 in any month” there shall be substituted the words “in any month the amount specified by or in accordance with the prospectus relating to that agreement as the maximum aggregate payment which may be made by him or on his behalf in any month under such agreements”;

(b) in regulation 5(2) for the words “£200 in any month” there shall be substituted the words “in any month the amount specified by or in accordance with the prospectus relating to that agreement as the maximum aggregate payment which may be made on behalf of and in the name of such a person under such agreements”;

(c) in regulation 8(3) the words “the whole or any part of” shall be omitted;

(d) regulation 25 is hereby revoked;

(e) in regulation 31(2) there shall be inserted at the end the words “nor shall it prevent the Director of Savings from complying with a notice served on him under section 20(4)(b) of the Taxes Management Act 1970 (persons who may be required to produce documents relating to liability of taxpayer arising from business)”.