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Dormant Bank and Building Society Accounts Act 2008
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3(1)The articles of association of a reclaim fund must make provision requiring it to publish, as soon as possible after the end of each financial year of the fund—U.K.
(a)its annual accounts and reports for that year (within the meaning given by section 471 of the Companies Act 2006 (c. 46));
(b)the name of each [F1institution participating in the dormant assets scheme] that transferred money to the fund in that year and the amount transferred by each one;
(c)the name of each [F2institution] in respect of whose [F3transfers to the reclaim fund] payments were made from the fund in that year following repayment claims and, in relation to each [F4institution], the total of the payments made;
(d)the total amount transferred in that year to the body or bodies for the time being specified in section 16(1).
(2)For the purposes of sub-paragraph (1)(c)—
(a)“repayment claims” means claims made by virtue of section 1(2)(b) or 2(2)(b) [F5above or section 2(2)(b), 5(2)(b) or (3)(b), 8(2)(b), 12(2)(b) or 14(2)(b) of the Dormant Assets Act 2022];
[F6(b)where a transfer of an amount to the reclaim fund was made as part of a business currently carried on by another institution (“the successor”), the transfer is to be treated as having been made by the successor.]
Textual Amendments
F1Words in Sch. 1 para. 3(1)(b) substituted (6.6.2022) by Dormant Assets Act 2022 (c. 5), s. 34(3), Sch. 1 para. 16(3)(a); S.I. 2022/582, reg. 2
F2Word in Sch. 1 para. 3(1)(c) substituted (6.6.2022) by Dormant Assets Act 2022 (c. 5), s. 34(3), Sch. 1 para. 16(3)(b)(i); S.I. 2022/582, reg. 2
F3Words in Sch. 1 para. 3(1)(c) substituted (6.6.2022) by Dormant Assets Act 2022 (c. 5), s. 34(3), Sch. 1 para. 16(3)(b)(ii); S.I. 2022/582, reg. 2
F4Word in Sch. 1 para. 3(1)(c) substituted (6.6.2022) by Dormant Assets Act 2022 (c. 5), s. 34(3), Sch. 1 para. 16(3)(b)(iii); S.I. 2022/582, reg. 2
F5Words in Sch. 1 para. 3(2)(a) inserted (6.6.2022) by Dormant Assets Act 2022 (c. 5), s. 34(3), Sch. 1 para. 16(3)(c); S.I. 2022/582, reg. 2
F6Sch. 1 para. 3(2)(b) substituted (6.6.2022) by Dormant Assets Act 2022 (c. 5), s. 34(3), Sch. 1 para. 16(3)(d); S.I. 2022/582, reg. 2
Commencement Information
I1Sch. 1 para. 3 in force at 12.3.2009 by S.I. 2009/490, art. 2
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