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) National Loans Act 1968 (c.13). Premium savings bonds (“bonds”) are one such security and these Regulations relate solely to bonds.