Dormant Bank and Building Society Accounts Bill [HL] — 29 Jan 2008 at 17:38

moved Amendment No. 6:

Clause 2, page 2, line 30, leave out "or building society"

On Question, amendment agreed to.

Clause 3 <[i>The assets-limit condition]:

moved Amendments Nos. 7 and 8:

Clause 3, page 3, line 2, leave out "or building society"

Clause 3, page 3, line 5, leave out "or building society"

On Question, amendments agreed to.

Clause 5 <[i>Functions etc of a reclaim fund]:

<[i>Amendment No. 9 not moved.]

moved Amendment No. 10:

After Clause 5, insert the following new Clause-

"Parliamentary accountability of reclaim fund

(1) A reclaim fund must send to the Treasury as soon as possible-

(a) a copy of its annual accounts and reports prepared in accordance with Part 15 of the Companies Act 2006 (c. 46), and(b) a copy of any information published under paragraph 3 of Schedule 1 to this Act.

(2) The Treasury must lay before each House of Parliament-

(a) any directions issued to a reclaim fund under section 5(4) of this Act, and(b) any accounts, reports or information received from a reclaim fund in accordance with subsection (1)."

On Question, Whether the said amendment (No. 10) shall be agreed to?

Their Lordships divided: Contents, 193; Not-Contents, 133.

Debate in Parliament | Source |