Regulation 5 Amendment of regulation 5C

In regulation 5C (treatment of certain sums held in dormant accounts)^f1—

(a)

in paragraph (1), after “section 1 or 2 of the Dormant Bank and Building Society Accounts Act 2008 (“the 2008 Act”)” insert “or sections 2, 5, 8, 12 or 14 of the Dormant Assets Act 2022^f2”,

(b)

in paragraph (2)(a), omit “cash”, and

(c)

in paragraph (2)(b)—

(i)

omit “cash”, and

(ii)

omit “, with the same account manager”.

Annotations

Footnotes

f1: Regulation 5C was added by S.1. 2011/22 and was subsequently amended by S.I. 2014/1450.
f2: 2022 c. 5.