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Dormant Bank and Building Society Accounts Act 2008 (c. 31)Introductory TextPart 1 Transfer of balances in dormant accounts (ss. 1-15)The general scheme (s. 1)1. Transfer of balances to reclaim fundAlternative scheme for smaller institutions (ss. 2-3)2. Transfer of balances to charities, with proportion to reclaim fund2A. Return of surplus alternative scheme assets3. The assets-limit conditionShareholding members of building societies (s. 4)4. Effect of balance transfer on membership rightsReclaim funds (s. 5)5. Functions etc of a reclaim fundInterpretation etc. (ss. 6-10)6. Interpretation of Part 17. "Bank"8. "Balance"9. "Account"10. "Dormant"Supplemental (ss. 11-14)11. Customer's rights preserved on insolvency etc of bank or building society12. Disclosure of information13. Banks making transfers under section 2: information in directors' reports14. Review and report to ParliamentAmendments (s. 15)15. Amendments to the Financial Services and Markets Act 2000Part 2 Distribution of Dormant Assets Money (ss. 16-27)The distribution system: general (ss. 16-17)16. Distribution of dormant assets money by Big Lottery Fund17. Apportionment of dormant assets moneyDistribution for England, Wales, Scotland and Northern Ireland (ss. 18-21)18. Distribution of money for meeting English expenditure18A. Distribution of money for meeting English expenditure19. Distribution of money for meeting Welsh expenditure20. Distribution of money for meeting Scottish expenditure21. Distribution of money for meeting Northern Ireland expenditurePowers of Secretary of State or appropriate national authority (ss. 22-24)22. Directions to Big Lottery Fund23. Power to prohibit distribution in certain cases24. Power to add or remove distributorsSupplemental (ss. 25-26)25. Power of Big Lottery Fund to enter into arrangements26. ExpensesInterpretation (s. 27)27. Interpretation of Part 2Part 3 Final provisions (ss. 28-32)28. Orders29. Directions30. Extent31. Commencement32. Short titleSchedule 1 Provision to be made in articles of association of reclaim fundSchedule 2 Amendments to the Financial Services and Markets Act 2000Schedule 3 Further provision about the functions of the Big Lottery FundSchedule 3, Part 1 Strategic plans (paras. 1-4)Schedule 3, Part 2 Delegation etc. (paras. 5-8)Schedule 3, Part 3 Reports and accounts (paras. 9-11)Schedule 3, Part 4 Miscellaneous powers (paras. 12-15)
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 12 March 2009 - onwards
Version 2 of 2

25. Power of Big Lottery Fund to enter into arrangements

(1) The Big Lottery Fund may enter into arrangements with a body or person (including a reclaim fund) for money that may be or has been paid to the Big Lottery Fund to be held or invested, on its behalf, by that body or person.

(2) The Big Lottery Fund may enter into arrangements with a reclaim fund for payments that the Big Lottery Fund is required to make under section 26(3), (6), (8) or (10) to be made on its behalf by the reclaim fund.

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