Part 1 Transfer of balances in dormant accounts
The general scheme
1.Transfer of balances to reclaim fund
Alternative scheme for smaller institutions
2.Transfer of balances to charities, with proportion to reclaim fund
3.The assets-limit condition
Shareholding members of building societies
4.Effect of balance transfer on membership rights
Reclaim funds
5.Functions etc of a reclaim fund
Interpretation etc
6.Interpretation of Part 1
7.“Bank”
8.“Balance”
9.“Account”
10.“Dormant”
Supplemental
11.Customer’s rights preserved on insolvency etc of bank or building society
12.Disclosure of information
13.Banks making transfers under section 2: information in directors' reports
14.Review and report to Parliament
Amendments
15.Amendments to the Financial Services and Markets Act 2000