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Saving Gateway Accounts Bill

It sounds from the Minister’s response as if we are on the same page but I want to take him back to the regulations, to which there are two aspects. First, there are the persons from whom repayment can be taken. Paragraph (3) of Regulation 20 refers to the account provider. The Minister referred to the extent to which the account provider has the funds in its possession and control, but that is not what the regulations say. The regulations refer to the account provider and, ""to the extent that it has assets in its possession or control"—" not assets of any particular account, just assets. The Minister said, "the funds". That is not what the draft regulations say. A reading of the regulations means that if the provider has anything on its balance sheet it is there for the taking.