These Regulations amend the National Savings Regulations (No. 2) 2015 (S.I. 2015/624) (“the NS&I Regulations”) which govern the functions of the Director of Savings (“the Director”) in relation to the sale of certain government securities issued under section 12(2) of the National Loans Act 1968 (c. 13). Savings certificates are one such security and these Regulations relate solely to savings certificates.