Section 15

Amendments to Part 2

1

(1) Schedule 2 (regulated activities) is amended as follows.

(2) For the heading to Part 1 there is substituted "Regulated activities: general".

(3) After that Part there is inserted -

"Part 1A Regulated activities: reclaim funds

9A Activities of reclaim funds

(1) The matters with respect to which provision may be made under section 22(1) in respect of activities include, in particular, any of the activities of a reclaim fund.

(2) "Reclaim fund" has the meaning given by section 5(1) of the Dormant Bank and Building Society Accounts Act 2008."

Amendments to Part 7

2 After section 106 there is inserted -

"106A Reclaim fund business transfer scheme

(1) A scheme is a reclaim fund business transfer scheme if, under the scheme, the whole or part of the business carried on by a reclaim fund is to be transferred to one or more other reclaim funds.

(2) "Reclaim fund" has the meaning given by section 5(1) of the Dormant Bank and Building Society Accounts Act 2008."