Prize Bonds (Amendment) Regulations 2015

• Jurisdiction: Ireland
• Year: 2015
• Citation: IR SI 477/2015

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 3rd November, 2015.

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 ( 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 , S.I. No. 136 of 2014 and S.I. No. 444 of 2014 ).

2. These Regulations shall come into operation on the 1st day of November 2015.

3. The Prize Bonds Regulations are hereby amended—

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

“ “prescribed” means specified from time to time in such manner and by such means as the NTMA thinks fit, including, without limitation, by way of any instrument, decision, rule or notice, and “prescribe” shall be construed accordingly;”

(b) in Regulation 4, by inserting the following paragraphs after paragraph (1):

“(1A) The NTMA may prescribe such limits and criteria in relation to the purchase and/or holding of bonds...