# The Distribution of Dormant Account Money (Apportionment) Order 2011

Draft 2011, ISBN 9780111511077

This Order prescribes the percentages that are to apply for the purpose of section 17 of the Dormant Bank and Building Society Accounts Act 2008 (the “2008 Act”). Section 17 provides for the apportionment of dormant accounts money made available for distribution under the 2008 Act between England, Wales, Scotland and Northern Ireland.

Made under: Dormant Bank and Building Society Accounts Act 2008 (Section 17)

PDFs: Printed copy https://openlegislation.uk/draft-distribution-of-dormant-account-money-apportionment-order-2011/pdf/ukdsi_9780111511077_en.pdf; Explanatory Memorandum https://openlegislation.uk/draft-distribution-of-dormant-account-money-apportionment-order-2011/pdf/ukdsiem_9780111511077_en.pdf

## Introductory text

Draft Order laid before Parliament under section 17(6) of the Dormant Bank and Building Society Accounts Act 2008, for approval by resolution of each House of Parliament.
Banks And Banking
Building Societies
Made ****
Coming into force in accordance with article 1
This Order is made in exercise of powers conferred by section 17(1) and (4) of the Dormant Bank and Building Society Accounts Act 2008 (“the Act”).
The Minister for the Cabinet Office has consulted in accordance with section 17(5) of the Act.
In accordance with section 17(6) of the Act, a draft of this instrument was laid before Parliament and approved by a resolution of each House of Parliament.
Accordingly, the Minister for the Cabinet Office makes the following Order:

## 1 Citation and Commencement

This Order may be cited as the Distribution of Dormant Account Money (Apportionment) Order 2011 and comes into force on the day after the day on which it is made.

## 2 Apportionment

The following percentages are prescribed for the purposes of section 17(1) of the Dormant Bank and Building Society Accounts Act 2008 (apportionment of dormant account money)—
(a) 83.9 per cent for meeting expenditure in relation to England,
(b) 4.9 per cent for meeting expenditure in relation to Wales,
(c) 8.4 per cent for meeting expenditure in relation to Scotland,
(d) 2.8 per cent for meeting expenditure in relation to Northern Ireland.

## Signature

Signatory text
Name
Minister for the Cabinet Office
Date

## Explanatory note

(This note is not part of the Order)
This Order prescribes the percentages that are to apply for the purpose of section 17 of the Dormant Bank and Building Society Accounts Act 2008 (the “2008 Act”). Section 17 provides for the apportionment of dormant accounts money made available for distribution under the 2008 Act between England, Wales, Scotland and Northern Ireland.
An impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.

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Source: https://www.legislation.gov.uk/ukdsi/2011/9780111511077 (the official version)
Page: https://openlegislation.uk/draft-distribution-of-dormant-account-money-apportionment-order-2011
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.