Statutory Instruments
Financial Services And Markets
Made
24th May 2022
The Secretary of State, in exercise of the powers conferred by section 34(3) of the Dormant Assets Act 2022(1), makes the following Regulations.
1.—(1) These Regulations may be cited as the Dormant Assets Act 2022 (Commencement) Regulations 2022.
(2) These Regulations extend to England and Wales, Scotland and Northern Ireland.
2. The Dormant Assets Act 2022 comes into force on 6th June 2022 in so far as it is not already in force.
Nigel Huddleston
Parliamentary Under Secretary of State
Department for Digital, Culture, Media and Sport
24th May 2022
(This note is not part of the Regulations)
These Regulations bring into force on 6th June 2022 those provisions of the Dormant Assets Act 2022 (c. 5) that are not already in force. Section 34 (which relates to extent, commencement, construction as one with 2008 Act and citation) came into force on Royal Assent (24th February 2022).
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.