Surely the answer to the noble Lord, Lord Shutt, is contained in Clause 7(1) which makes clear that the Bank of China or any other foreign-owned bank needs to have only one branch in the United Kingdom for it to be included in the scheme. I raised the point about the Channel Islands and the Isle of Man at Second Reading, but I would guess that they are totally outside the United Kingdom and are therefore not included.
Dormant Bank and Building Society Accounts Bill [HL]
Proceeding contribution from
Lord Monson
(Crossbench)
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 c108GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
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Timestamp
2023-12-16 02:28:03 +0000
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