---

Dormant Bank and Building Society Accounts Bill [HL]

The Minister might even have an opportunity now. He has answered one specific point covered by the amendment: the reclaim fund will claim not only money set aside to meet repayments but also money set aside to meet other costs. That will raise concerns in building societies, which will be wary of the amounts that will be held back from them, diverted away from their local charities, with which they have special relationships, and going into this more amorphous body, the reclaim fund, which they will probably have nothing to do with. I asked the Minister specifically whether the Financial Services Authority will be getting involved in the way that the reclaim fund sets its policies for holding money back or indeed taking money from the Clause 2 schemes. I do not think he answered that.