Search Legislation

Dormant Bank and Building Society Accounts Act 2008

Changes to legislation:

There are outstanding changes not yet made by the legislation.gov.uk editorial team to Dormant Bank and Building Society Accounts Act 2008. Those changes will be listed when you open the content using the Table of Contents below. Any changes that have already been made by the team appear in the content and are referenced with annotations. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.

  1. Introductory Text

  2. Part 1 Transfer of balances in dormant accounts

    1. The general scheme

      1. 1.Transfer of balances to reclaim fund

    2. Alternative scheme for smaller institutions

      1. 2.Transfer of balances to charities, with proportion to reclaim fund

      2. 3.The assets-limit condition

    3. Shareholding members of building societies

      1. 4.Effect of balance transfer on membership rights

    4. Reclaim funds

      1. 5.Functions etc of a reclaim fund

    5. Interpretation etc

      1. 6.Interpretation of Part 1

      2. 7.“Bank”

      3. 8.“Balance”

      4. 9.“Account”

      5. 10.“Dormant”

    6. Supplemental

      1. 11.Customer's rights preserved on insolvency etc of bank or building society

      2. 12.Disclosure of information

      3. 13.Banks making transfers under section 2: information in directors' reports

      4. 14.Review and report to Parliament

    7. Amendments

      1. 15.Amendments to the Financial Services and Markets Act 2000

  3. Part 2 Distribution of money under the general scheme

    1. The distribution system: general

      1. 16.Distribution of dormant account money by Big Lottery Fund

      2. 17.Apportionment of dormant account money

    2. Distribution for England, Wales, Scotland and Northern Ireland

      1. 18.Distribution of money for meeting English expenditure

      2. 19.Distribution of money for meeting Welsh expenditure

      3. 20.Distribution of money for meeting Scottish expenditure

      4. 21.Distribution of money for meeting Northern Ireland expenditure

    3. Powers of Secretary of State or appropriate national authority

      1. 22.Directions to Big Lottery Fund

      2. 23.Power to prohibit distribution in certain cases

      3. 24.Power to add or remove distributors

    4. Supplemental

      1. 25.Power of Big Lottery Fund to enter into arrangements

      2. 26.Expenses

    5. Interpretation

      1. 27.Interpretation of Part 2

  4. Part 3 Final provisions

    1. 28.Orders

    2. 29.Directions

    3. 30.Extent

    4. 31.Commencement

    5. 32.Short title

  5. SCHEDULES

    1. SCHEDULE 1

      Provision to be made in articles of association of reclaim fund

      1. Expenses

        1. 1.(1) The articles of association of a reclaim fund must...

      2. No distribution to members

        1. 2.The articles of association of a reclaim fund must make...

      3. Publication of information

        1. 3.(1) The articles of association of a reclaim fund must...

    2. SCHEDULE 2

      Amendments to the Financial Services and Markets Act 2000

      1. Amendments to Part 2

        1. 1.(1) Schedule 2 (regulated activities) is amended as follows.

      2. Amendments to Part 7

        1. 2.After section 106 there is inserted— Reclaim fund business transfer...

        2. 3.In section 107 (application for order sanctioning transfer scheme), in...

        3. 4.(1) Section 111 (sanction of the court for business transfer...

        4. 5.In Schedule 12, after Part 2 there is inserted— Part...

      3. Amendments to Part 24

        1. 6.(1) Section 359 (administration order) is amended as follows.

        2. 7.After section 369 there is inserted— Reclaim funds: service of...

    3. SCHEDULE 3

      Further provision about the functions of the Big Lottery Fund

      1. Part 1 Strategic plans

        1. Strategic plans for England

          1. 1.(1) If the Secretary of State instructs it to do...

        2. Strategic plans for Wales

          1. 2.(1) If the Welsh Ministers instruct it to do so,...

        3. Strategic plans for Scotland

          1. 3.(1) If the Scottish Ministers instruct it to do so,...

        4. Strategic plans for Northern Ireland

          1. 4.(1) If instructed to do so by the Department of...

      2. Part 2 Delegation etc

        1. Delegation to other bodies or persons, or to committees

          1. 5.(1) The Big Lottery Fund may appoint any other body...

        2. Interpretation of paragraph 5

          1. 6.(1) In paragraph 5— “charity” means a body, or the...

        3. Provision supplementing paragraph 5

          1. 7.(1) The Big Lottery Fund may make payments in respect...

        4. New functions for existing devolved expenditure committees

          1. 8.(1) The functions of the committee established under paragraph 7(1)(a)...

      3. Part 3 Reports and accounts

        1. Annual reports

          1. 9.(1) As soon as possible after the end of every...

        2. Accounts

          1. 10.(1) The Big Lottery Fund shall— (a) keep proper accounting...

          2. 11.In Schedule 4A to the National Lottery etc. Act 1993...

      4. Part 4 Miscellaneous powers

        1. Power to solicit applications

          1. 12.(1) The Big Lottery Fund has power to solicit applications...

        2. Power to consult

          1. 13.In determining how to distribute dormant account money the Big...

        3. Power to publish information etc

          1. 14.(1) The Big Lottery Fund may make or participate in...

        4. Power to give advice

          1. 15.The Big Lottery Fund may give advice about—

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enactedversion that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources