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Dormant Bank and Building Society Accounts Bill [HL]

The noble Lord, Lord Monson, has raised an important point. A person may well instruct a bank not to communicate with him, or to send him only statements. Those of us on the receiving end of all kinds of unwanted communications from our banks and other financial institutions with which we have had dealings, trying to sell us all kinds of financial services which we do not want, would sympathise with that position. The only question I have for the noble Lord, Lord Monson, is: why is the drafting confined to statements being on a six-monthly or yearly basis? Statements come out with all kinds of frequency, and to state that these should be sent six-monthly or yearly is perhaps a little too restrictive. Apart from that, we support the amendment.