The noble Viscount will recognise the work that has been done with the banks and building societies on this issue. We cannot give effect to this legislation until we have secondary legislation that brings the company within the framework of the Financial Services Authority. If he trotted down to Companies House on these terms he might find it rather difficult to satisfy its requirements, whereas the proper company that is to be established will be able to do so.
Dormant Bank and Building Society Accounts Bill [HL]
Proceeding contribution from
Lord Davies of Oldham
(Labour)
in the House of Lords on Tuesday, 11 December 2007.
It occurred during Debate on bills
and
Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].
Type
Proceeding contribution
Reference
697 c87GC
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
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Timestamp
2023-12-16 02:25:51 +0000
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