Regulation 5 Prescribed information in respect of a hold notice where an account is an affected account

(1)

The following information is prescribed for the purposes of paragraph 8(2) of Schedule 8 (duty to notify HMRC and account-holders etc)—

(a)

account details for each account P holds with the deposit-taker;

(b)

specified information in relation to P;

(c)

confirmation of which of the accounts that P holds with the deposit-taker is an affected account;

(d)

the date on which the deposit-taker complied with paragraph 6(1) of Schedule 8 (effect of hold notice);

(e)

confirmation that the deposit-taker understands the effect of paragraph 14(1)(g) of Schedule 8 (penalties);

(f)

the total of all held amounts notified by the deposit-taker under paragraph 8(2)(b) of Schedule 8 in response to a hold notice;

(g)

in respect of each account which P holds with the deposit-taker, the amount standing to the credit of the account which is not subject to action taken by the deposit-taker under paragraph 6(3) of Schedule 8;

(h)

a description of any economic loss suffered by an account holder or interested third party as a result of any contractual term specified in the definition of “account details” in regulation 2 at sub-paragraph (h).

(2)

In this regulation “held amounts” is to be read in accordance with paragraph 7 of Schedule 8.