This short Bill provides the legislative framework for an intended ‘dormant assets’ scheme. Dormant assets are those that have no clear owner; the owner has not used the account for some time and cannot be contacted. The Bill provides a mechanism by which assets so identified can be managed and distributed for defined social purposes. It also provides necessary legal protections for institutions participating in the scheme.
Dormant Bank and Building Society Accounts Bill [HL] Bill 80 of 2007-08 (569 KB, PDF)
This short Bill provides the legislative framework for an intended ‘dormant assets’ scheme. Dormant assets are those that have no clear owner; the owner has not used the account for some time and cannot be contacted. The Bill provides a mechanism by which assets so identified can be managed and distributed for defined social purposes. It also provides necessary legal protections for institutions participating in the scheme.
Dormant Bank and Building Society Accounts Bill [HL] Bill 80 of 2007-08 (569 KB, PDF)
The Financial Services Act 2021 was introduced in the House of Commons on 21 October 2020 and received Royal Assent on 29 April 2021. It is the first financial services primary legislation passed by the UK Parliament since the UK left the European single market, making reforms in 22 distinct areas.
This briefing discusses the circumstances in which corporates can commit crimes in England and Wales, setting out recent developments and proposals for reform.
Household debt: Data on the latest household debt statistics, including net lending, mortgage interest rates and insolvencies.
