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  1. Dormant Bank and Building Society Accounts Act 2008 (c. 31)
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 26 November 2008

Dormant Bank and Building Society Accounts Act 2008 (c. 31)

Consolidation Status: Updated to reflect all known changes
Comparing proposed amendment...
Introductory Text
Part 1 Transfer of balances in dormant accounts (ss. 1-15)
The general scheme (s. 1)
In force
 1. Transfer of balances to reclaim fund
Alternative scheme for smaller institutions (ss. 2-3)
In force
 2. Transfer of balances to charities, with proportion to reclaim fund
In force
 2A. Return of surplus alternative scheme assets
In force
 3. The assets-limit condition
Shareholding members of building societies (s. 4)
In force
 4. Effect of balance transfer on membership rights
Reclaim funds (s. 5)
In force
 5. Functions etc of a reclaim fund
Interpretation etc. (ss. 6-10)
In force
 6. Interpretation of Part 1
In force
 7. "Bank"
In force
 8. "Balance"
In force
 9. "Account"
In force
 10. "Dormant"
Supplemental (ss. 11-14)
Repealed
 11. Customer's rights preserved on insolvency etc of bank or building society
Repealed
 12. Disclosure of information
In force
 13. Banks making transfers under section 2: information in directors' reports
Repealed
 14. Review and report to Parliament
Amendments (s. 15)
In force
 15. Amendments to the Financial Services and Markets Act 2000
Part 2 Distribution of Dormant Assets Money (ss. 16-27)
The distribution system: general (ss. 16-17)
In force
 16. Distribution of dormant assets money by Big Lottery Fund
In force
 17. Apportionment of dormant assets money
Distribution for England, Wales, Scotland and Northern Ireland (ss. 18-21)
In force
 18. Distribution of money for meeting English expenditure
In force
 18A. Distribution of money for meeting English expenditure
In force
 19. Distribution of money for meeting Welsh expenditure
In force
 20. Distribution of money for meeting Scottish expenditure
In force
 21. Distribution of money for meeting Northern Ireland expenditure
Powers of Secretary of State or appropriate national authority (ss. 22-24)
In force
 22. Directions to Big Lottery Fund
In force
 23. Power to prohibit distribution in certain cases
In force
 24. Power to add or remove distributors
Supplemental (ss. 25-26)
In force
 25. Power of Big Lottery Fund to enter into arrangements
In force
 26. Expenses
Interpretation (s. 27)
In force
 27. Interpretation of Part 2
Part 3 Final provisions (ss. 28-32)
In force
 28. Orders
In force
 29. Directions
In force
 30. Extent
In force
 31. Commencement
In force
 32. Short title
In force
 Schedule 1 Provision to be made in articles of association of reclaim fund
In force
 Schedule 2 Amendments to the Financial Services and Markets Act 2000
Schedule 3 Further provision about the functions of the Big Lottery Fund
In force
 Schedule 3, Part 1 Strategic plans (paras. 1-4)
In force
 Schedule 3, Part 2 Delegation etc. (paras. 5-8)
In force
 Schedule 3, Part 3 Reports and accounts (paras. 9-11)
In force
 Schedule 3, Part 4 Miscellaneous powers (paras. 12-15)
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