SCHEDULES

C1C3C2C4SCHEDULE 14Licensing authority's powers of intervention

Annotations:

Money etc: vesting in licensing authority

I16

1

The licensing authority may make rules governing its treatment of sums vested in it under paragraph 3 or 4(3).

2

The rules may, in particular, make provision in respect of cases where the licensing authority, having taken such steps to do so as are reasonable in all the circumstances of the case, is unable to trace the person or persons beneficially entitled to any sum vested in the licensing authority under paragraph 3 or 4(3) (including provision which requires amounts to be paid into or out of any fund maintained by the licensing authority in connection with its compensation arrangements).