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Dormant Bank and Building Society Accounts Act 2008

Dormant Bank and Building Society Accounts Act 2008

2008 CHAPTER 31

Commentary on Sections and Schedules

Part 1: Transfer of balances in dormant accounts

Section 14: Review and report to Parliament

66.Section 14 requires the Treasury to report, within three years of the date the first reclaim fund is authorised, on the operation of Part 1 of the Act and on the effectiveness of financial institutions’ efforts to make sure that those entitled to money in inactive accounts are aware of the fact.

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