Paragraph A1 F1

The articles of association of a reclaim fund must make provision for the objects mentioned in paragraph (d) of section 5(1) (objects incidental or conducive to anything mentioned in paragraphs (a) to (cb)) to include the provision to government departments of information, advice or other assistance in connection with—

(a)

the development of proposals for—

(i)

expanding the dormant assets scheme to cover new classes of asset,

(ii)

modifying this Act or the Dormant Assets Act 2022, or

(iii)

implementing provisions of this Act, the Dormant Assets Act 2022 or any subordinate legislation made under either of those Acts;

(b)

the operation of—

(i)

the dormant assets scheme,

(ii)

the alternative scheme under section 2 of this Act, or

(iii)

section 21 of the Dormant Assets Act 2022 (unwanted assets).

Annotations

Textual amendments

F1: Sch. 1 para. A1 inserted (6.6.2022) by Dormant Assets Act 2022 (c. 5), s. 34(3), Sch. 1 para. 16(2); S.I. 2022/582, reg. 2