Prize Bonds (Amendment) (No. 2) Regulations 2014

• Jurisdiction: Ireland
• Year: 2014
• Citation: IR SI 444/2014

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 7th October, 2014.

The National Treasury Management Agency, in exercise of the powers conferred upon it by the National Treasury Management Agency Act 1990 (No. 18 of 1990) and the National Treasury Management Agency Act 1990 (Delegation of and Declaration as to Functions) Order 1990 ( S.I. No. 277 of 1990 ) and pursuant to section 23 of the Finance (Miscellaneous Provisions) Act 1956 , hereby makes the following Regulations:

1. In these Regulations “the Prize Bonds Regulations” means the Prize Bonds Regulations 1993 to 2014 ( S.I. No. 337 of 1993 , as amended by S.I. No. 431 of 1997 , S.I. No. 582 of 2004 , S.I. No. 233 of 2005 , S.I. No. 13 of 2008 and S.I. No. 136 of 2014 ).

2. The Regulations shall come into operation on the 5th day of October 2014.

3. The provisions of the Prize Bonds Regulations shall be unaffected by these Regulations in so far as those provisions relate to bonds purchased prior to the 5th day of October 2014.

4. In relation to bonds purchased after the 5th day of October 2014, the Prize Bonds Regulations are hereby amended—

(a) in Regulation 2, by inserting the following definition after the definition of “holder”:

“ “minor” means an individual under the age of 18 years;”

(b) in Regulation 3, by substituting the following for Regulation 3:

“3.(1) Subject to Regulation 6 (Evidence of identity etc) and Regulation 23 (Discretion), an application to purchase a bond may be made by:

(a) an individual (excluding a minor); or

(b) a minor, provided that a parent or legal guardian of such minor either makes the application on the minor’s behalf or gives his or her written consent to the application; or

(c) two individuals referred to in (a) and/or (b) jointly; or

(d) a charity registered with the Revenue...