# The Charities (Dormant Accounts) (Scotland) Regulations 1995, Regulation 12: Interest


Where the nominee is entitled, by virtue of section 12(7), to effect any transaction in relation to any account to which section 12(3) applies, he shall write to the relevant institution from time to time, as occasion requires, and—
(a) inform it of the date on which he became so entitled;
(b) instruct it to add to that account any interest which has accrued to that account up to that date;
(c) instruct it to transfer to him any interest which he is entitled to apply in terms of regulation 11; and
(d) instruct it to add to the credit of the body in that account any excess interest as mentioned in regulation 11(2).

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Source: https://www.legislation.gov.uk/uksi/1995/2056/regulation/12 (the official version)
Page: https://openlegislation.uk/charities-dormant-accounts-scotland-regulations-1995/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.