30 Periodic review and report to Parliament
Dormant Assets Act 2022 (2022 c 5) | Legislation

30  Periodic review and report to Parliament

(1)     The Secretary of State must carry out periodic reviews of the following matters—

(a)     the operation of the dormant assets scheme and the alternative scheme under section 2 of the 2008 Act during the period to which the review relates;

(b)     the effectiveness of the steps taken during that period (by institutions holding or providing assets within the scope of the dormant assets scheme or the alternative scheme) to reunite assets with their owners;

(c)     any use made of the powers conferred by section 19 during that period;

(d)     any use that may be made of those powers after that period.

(2)     In reviewing the matters described in subsection (1)(a) the Secretary of State must consider—

(a)     how many institutions have made transfers;

(b)     how much money has been transferred;

(c)     the effectiveness of the arrangements made with institutions for meeting repayment claims.

(3)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Mortgagees and tenants

Mortgagee’s consent to grant of leaseIf a property is subject to a mortgage that prohibits leasing without the mortgagee’s consent, then written evidence of consent must be obtained prior to completion of the lease. On the grant of an underlease, mortgagee’s consent in respect of any mortgage over

LEXISNEXIS

The pari passu principle and collection remedies for the office-holder—the position under the Insolvency

The pari passu principle and collection remedies for the office-holder—the position under the Insolvency (England and Wales) Rules 2016The primary function of office-holders in personal and corporate insolvency is to collect in the assets belonging to a company or individual and to distribute these

LEXISNEXIS

Escrow accounts and escrow agreements

Escrow accounts and escrow agreementsThis Practice Note examines why parties involved in a construction project may enter into an escrow agreement (or escrow deed) to set up an escrow account. It looks at the benefits of paying funds into escrow, how an escrow account operates and the provisions

LEXISNEXIS

How are the post-employment notice pay (PENP) provisions applied in circumstances where the employee is

How are the post-employment notice pay (PENP) provisions applied in circumstances where the employee is (a) on long-term sickness absence and has exhausted his entitlement to sick pay, or (b) has been dismissed summarily without notice?The amendments to sections 402 to 404 of the Income Tax