Prize Bonds (Amendment) Regulations 2019

• Jurisdiction: Ireland
• Citation: IR SI 643/2019
• Year: 2019

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 27th December, 2019.

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 2015 ( 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 , S.I. No. 444 of 2014 and S.I.477 of 2015).

2. The Regulations shall come into operation on the 1st day of February 2020.

3. The Prize Bonds Regulations are hereby amended –

(a) by substituting the following for Regulation 13:

“13. (1) Payment of the sum repayable or of any prize payable in respect of a bond shall be made by the Operator by such means as may be determined by the Operator with the agreement of the NTMA.

(2) A...