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Proceeding contribution from Baroness Noakes (Conservative) in the House of Lords on Monday, 10 December 2007. It occurred during Debate on bill and Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].


Dormant Bank and Building Society Accounts Bill [HL]

The Minister mentioned FSA regulation as a part of the scheme that will ensure that the money is paid out under the dormant accounts schemes. The FSA regulates banks and building societies, and it is intended to make repayment claims subject to the FSA. I am not sure that I understand how the FSA will provide any value-added in releasing dormant account moneys. The Minister suggested that it will. I would be grateful for clarification.


Secondary information

Type
Proceeding contribution
Reference
697 c14GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
Charities Assets Bank services Banks Building societies Insurance Interest charges Pensions Lotteries Repayments Taxation Big Lottery Fund
Legislation
Dormant Bank and Building Society Accounts Bill (HL) 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk