{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-amendment-no-2-order-2009/article-4",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-amendment-no-2-order-2009/article-4.json",
  "legislation": "uksi/2009/1389",
  "legislation_title": "The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2009",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-amendment-no-2-order-2009",
  "path": "article/4",
  "kind": "article",
  "number": "4",
  "heading": "Activities of reclaim funds",
  "text": "After article 63M (other exclusions) insert—\n“CHAPTER 15D\nACTIVITIES OF RECLAIM FUNDS\nThe activities\nDormant account funds\n63N (1) The following are specified kinds of activity—\n(a) the meeting of repayment claims by a reclaim fund;\n(b) the management of dormant account funds (including the investment of such funds) by a reclaim fund.\n(2) In this article—\n“account”, “balance”, “dormant” and “reclaim fund” have the same meaning as in Part 1 of the Dormant Bank and Building Society Accounts Act 2008 (transfer of balances in dormant accounts) (see section 6 of that Act);\n“dormant account funds” and “repayment claims” have the same meaning as in section 5 of that Act;\n“management of dormant account funds” means the acceptance of a transfer from a bank or building society of the balance of a dormant account, or a proportion of such a balance, and the management of those funds in such a way as to enable the reclaim fund to meet whatever repayment claims it is prudent to anticipate.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Article 63M is inserted by S.I. 2009/1342 as from 1st July 2009."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2009/1389/article/4",
    "retrieved_at": "2026-10-29T03:11:16.296643+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}