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Dormant Bank and Building Society Accounts Bill [HL]

I do not want to be tedious about this, but the starting point is important. There are many references to the Banking Code, which started 15 years ago. It is amazing that assets also have to be 15 years old. It is possible for a bank to say that there might have been unclaimed assets but they were written off before the Banking Code came into effect and now there are none. The starting point is very important. The bank could say that unclaimed assets were written off to a suspense account, then to the profit-and-loss account, and then were paid out as dividends. The starting point is important, particularly when the Banking Code was, in effect, invented 15 years ago.