keep The National Savings Bank (Amendment) (No. 2) Regulations 2008
These 2008 Regulations amend the National Savings Bank Regulations 1972 to provide administrative procedures for transferring balances from ordinary deposit accounts to investment accounts (or a special Director's account) when valid withdrawal applications have not been made by 12th May 2008. They require the Director of Savings to notify Commissioners of amounts transferred, who must then pay equivalent amounts into the National Loans Fund.
This is a minor administrative amendment governing procedural transfers within a government savings scheme. It imposes no regulatory burden on private individuals or businesses, creates no barriers to entry, and does not distort market incentives. The regulation actually facilitates orderly account closure rather than restricting activity. Deletion would create administrative confusion without any corresponding economic benefit.