(1) The Secretary of State must carry out periodic reviews of the following matters -
(a) the operation of the dormant assets scheme and the alternative scheme under section 2 of the 2008 Act during the period to which the review relates;
(b) the effectiveness of the steps taken during that period (by institutions holding or providing assets within the scope of the dormant assets scheme or the alternative scheme) to reunite assets with their owners;
(c) any use made of the powers conferred by section 19 during that period;
(d) any use that may be made of those powers after that period.
(2) In reviewing the matters described in subsection (1)(a) the Secretary of State must consider -
(a) how many institutions have made transfers;
(b) how much money has been transferred;
(c) the effectiveness of the arrangements made with institutions for meeting repayment claims.
(3) The steps referred to in subsection (1)(b) include anything done with a view to tracing, and verifying the identity of, e
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