The Dormant Bank and Building Society Accounts Act 2008 (Prescribed Restrictions) (Wales) Order 2010

Title, commencement and application

1.—(1) The title of this Order is the Dormant Bank and Building Society Accounts Act 2008 (Prescribed Restrictions) (Wales) Order 2010.

(2) This Order comes into force on the day after the day on which it is made.

(3) This Order applies in relation to Wales.

Prescribed restrictions

2.  A distribution of dormant account money for meeting Welsh expenditure must be—

(a)made for meeting expenditure on or connected with the protection or enhancement of the environment, or

(b)made for meeting expenditure on or connected with the provision of services, facilities or opportunities to meet the needs of people who have not attained the age of 26 years.

Alun Ffred Jones

Minister for Heritage, one of the Welsh Ministers

20 April 2010