Section 36(4)

Regulations under sub-paragraph (2) may not include provision for a transfer which overrides an instruction for dealing with the balance in a matured account where— the instruction is given by, or by a person acting on behalf of, the individual for whom the matured account was opened, and the Director of Savings receives the instruction before the transfer is made and considers that it is reasonably practicable to implement it.

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Source: legislation.gov.uk · retrieved 2026-09-04