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Dormant Bank and Building Society Accounts Bill [HL]

My Lords, I am grateful to the Minister for explaining the scheme. He explained what was in it, but he did not explain what it left out. As the noble Baroness, Lady Noakes, said, it leaves out scope for being broadened to consider other categories of asset. As we discussed in Committee, other schemes in other parts of the world cover many other categories of asset. As my noble friend Lord Shutt has just pointed out to me, if the Britannia Building Society is taken over in some manner by the Co-op, it might become an insurance company or a new, slightly unusual body, and it will not be immediately clear that it is covered by the Act. That is unfortunate. It is equally unfortunate that there will be only one review. However, it is better to have one review than to have none, and it is better to have it covering the majority of the matters that we wanted it to do. With those caveats, I say that we will not oppose the amendment.