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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 June 2022 - onwards
Version 3 of 3

Schedule 1 Provision to be made in articles of association of reclaim fund

Section 5

Assistance to government departments in connection with dormant or unwanted assets

A1 The articles of association of a reclaim fund must make provision for the objects mentioned in paragraph (d) of section 5(1) (objects incidental or conducive to anything mentioned in paragraphs (a) to (cb)) to include the provision to government departments of information, advice or other assistance in connection with -

(a) the development of proposals for -

(i) expanding the dormant assets scheme to cover new classes of asset,

(ii) modifying this Act or the Dormant Assets Act 2022, or

(iii) implementing provisions of this Act, the Dormant Assets Act 2022 or any subordinate legislation made under either of those Acts;

(b) the operation of -

(i) the dormant assets scheme,