The National Savings (Remediation Scheme) Regulations 2026

The National Savings Bank Act 1971 (“the 1971 Act”) and the National Debt Act 1972 created the current statutory framework for the operation of the National Savings and Investment Bank and the Director of Savings. The Director of Savings, a statutory officeholder, carries on the business of the National Savings Bank under section 1 of the 1971 Act, principally providing a range of savings and investment accounts which are subject to the 1971 Act and the secondary legislation made under that Act, consolidated in the National Savings Regulations 2015.