I thank the Minister for that reply, which was a much better reply than he gave me during our previous day in Committee. He underlined that the Government have not chosen a direct form of drafting—which is to define current and deposit accounts—but an indirect form designed to ensure that the Bill does not catch anything other than bank and building society accounts. We debated that during our first day in Committee, as the Minister is aware, and most of us are dissatisfied with the scope of the Bill, but if the Minister is insistent that it should be narrowly defined, Clause 9 achieves that effect. That does not mean that we are happy with the outcome, but he has better explained the intent behind Clause 9.
Clause 9 agreed to.
Clause 10 [““Dormant””]:
Dormant Bank and Building Society Accounts Bill [HL]
Proceeding contribution from
Baroness Noakes
(Conservative)
in the House of Lords on Thursday, 10 January 2008.
It occurred during Debate on bills
and
Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].
Type
Proceeding contribution
Reference
697 c333GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
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Timestamp
2023-12-16 02:31:25 +0000
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