There are currently no known outstanding effects for the Dormant Assets Act 2022, Paragraph 4.
4In regulation 33 of the Open-Ended Investment Companies Regulations 2001 (winding-up otherwise than by court), after paragraph (5) insert—
“(6)The duty to deal with a sum of money in accordance with paragraph (4) or (5) does not apply if (or to the extent that) it is transferred to an authorised reclaim fund as orphan monies attributable to a collective scheme investment by virtue of sections 8 to 10 of the Dormant Assets Act 2022 (transfer of eligible amount owing by virtue of a collective scheme investment).”
Commencement Information
I1Sch. 1 para. 4 not in force at Royal Assent, see s. 34(3)
I2Sch. 1 para. 4 in force at 6.6.2022 by S.I. 2022/582, reg. 2
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