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Proceeding contribution from Lord Newby (Liberal Democrat) in the House of Lords on Thursday, 10 January 2008. 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]

We support the amendment very strongly. Our view is that the scheme is at best a hybrid scheme. It certainly has a significant statutory element to it, so Parliament should be scrutinising it rigorously on a regular basis. The proposal in this amendment provides a peg on which to hang parliamentary scrutiny of how the reclaim fund is operating. The specific elements of the amendment are self-explanatory and sensible, and we hope that the Government will agree with us, in the spirit that the Minister operated under a few minutes ago, and signify some support for it.


Secondary information

Type
Proceeding contribution
Reference
697 c365GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
Disclosure of information Codes of practice Assets Bank services Banks Building societies Fraud Education Environment Interest charges Lotteries Young people Repayments Big Lottery Fund Information Commissioner's Office Olympic Games 2012
Legislation
Dormant Bank and Building Society Accounts Bill (HL) 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk