1. There shall be a number of Senior Mathematical Prize offered each year in accordance with the following rules:
(a) The number and maximum value of prizes shall be determined by the Board of Management.
(b) The prize shall be open to any student for the Degree of Doctor of Philosophy or Master of Science by Research who has passed their final examination, and has been given leave to supplicate.
(c) The prize shall be awarded annually from a single gathered field of nominations made by examiners.
(d) The prize shall recognise an exceptional research thesis that makes a very significant contribution to the field of study of mathematics.
2. Junior Mathematical Prizes shall be offered each year to candidates qualified to obtain honours in the honour schools referred to below, in accordance with the following rules:
(a) Not more than three prizes may be awarded in any one year.
(b) The maximum value of the prizes shall be as determined by the trustees.
(c) Two prizes shall be awarded (and their amounts fixed) by the examiners in the Honour School of Mathematics (Part B), if, in their opinion, candidates submit work of sufficient merit in that examination.
(d) One prize shall be awarded (and its amount fixed) by the examiners in the Honour School of Mathematics (Part C), if, in their opinion, a candidate submits work of sufficient merit in that examination.
3. The administration of the Fund, and the application of its income, shall be the responsibility of a Board of Management comprising:
(1) the Head of the Mathematical Institute, who shall be chair;
(2) the Associate Head of Department (Research) of the Mathematical Institute;
(3) the Director of Graduate Studies (Research) of the Mathematical Institute;
(4) two members of the Mathematical Institute appointed by its Departmental Committee for a term of three years.
The presence of three members shall be necessary to constitute a board.
4. The Board of Management shall agree the process for considering the gathered field for prizes and may appoint judges.
5. The Board of Management shall have power to make presents of money, instruments, or books to meritorious though unsuccessful candidates for the prize, and to apply any surplus income in such other way or ways as they may think fit for promoting the study of Mathematics in the University, including support for student bursaries or fees at the recommendation of the Director of Graduate Studies (Research) of the Mathematical Institute.
6. If after experience of these regulations any part of them shall be deemed inexpedient, Council shall be at liberty, with the concurrence of the Board of Management, to make such alterations as circumstances may require.