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.
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