UK Parliament / Open data

Distribution of Dormant Account Money (Apportionment) Order 2011

My noble friend of course wants far more detailed clarification than I am about to give him. I undertake to ensure that such clarification is passed to all Members. However, the devolved Assemblies and authorities can make orders to restrict the kind of purposes and people to which money from dormant accounts may be distributed. That comes under the Sections 19 to 21 of the Dormant Bank and Building Society Accounts Act 2008; some safeguards are already in place. However, I completely understand my noble friend’s concern. Therefore, to ensure further clarity I would rather undertake to write and give a much fuller explanation that will, I hope, satisfy him.

About this proceeding contribution

Reference

729 c100GC 

Session

2010-12

Chamber / Committee

House of Lords Grand Committee
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