19 Power to extend the dormant assets scheme to cover new dormant assets
Dormant Assets Act 2022 (2022 c 5) | Legislation

Part 2 Other Provisions

Regulation-making powers

19  Power to extend the dormant assets scheme to cover new dormant assets

(1)     The Secretary of State or the Treasury may by regulations make provision for, and in connection with, extending the scope of the dormant assets scheme by—

(a)     inserting an entry to the list in section 1(6) and making provision in Part 1 so as to provide for the operation of the scheme in relation to assets covered by the entry, or

(b)     amending provisions of the 2008 Act or of Part 1 of this Act which describe the assets covered by an entry in that list (and, if considered appropriate, amending that entry).

(2)     Provision made by virtue of subsection (1)(a), in relation to assets of any description, must include (in addition to the new entry in section 1(6)) provision—

(a)     to the effect that transfer to an authorised reclaim fund of

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