Proceeding contribution from Lord Davies of Oldham (Labour) in the House of Lords on Tuesday, 11 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 noble Lord, Lord Monson, is right on both counts and has answered the noble Lord, Lord Shutt. The issue is quite straightforward: banks and building societies in the Channel Islands and the Isle of Man are outside the scheme. If they have branches in the UK, they could participate in the scheme like all other foreign banks that have branches in the UK. As the noble Lord, Lord Monson, indicated, one branch would be enough.
Secondary information
- Type
- Proceeding contribution
- Reference
- 697 c108GC
- Session
- 2007-08
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Disclosure of information Compensation Databases Codes of practice Charities Companies Assets Bank services Banks Building societies Fraud Finance Financial Services Authority Private sector Lotteries Public bodies Registration Regulation Repayments Shareholders Big Lottery Fund Commission on Unclaimed Assets
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-16 02:28:03 +0000
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