Source: http://www.legislation.gov.uk/ukpga/2008/31/schedule/2/prospective
Timestamp: 2013-05-26 03:10:01
Document Index: 308737827

Matched Legal Cases: ['art. 3', 'art. 2', 'art 2', 'art 1', 'art 1', 'art 7', 'art 2', 'art 2', 'art 2', 'art 24']

Skip to main contentSkip to navigationlegislation.gov.ukThe National ArchivesHelpSite MapAccessibilityContact UsHomeAbout UsBrowse LegislationNew LegislationChanges to LegislationSearch LegislationSearch LegislationTitle: (or keywords in the title)Year:Number:Type:All Legislation (excluding draft)All Primary Legislation UK Public General Acts UK Local Acts Acts of the Scottish Parliament Acts of the National Assembly for Wales Measures of the National Assembly for Wales Church Measures Acts of the Northern Ireland Assembly Acts of the Old Scottish Parliament Acts of the English Parliament Acts of the Old Irish Parliament Acts of the Parliament of Great Britain Northern Ireland Orders in Council Measures of the Northern Ireland Assembly Acts of the Northern Ireland ParliamentAll Secondary Legislation UK Statutory Instruments Wales Statutory Instruments Scottish Statutory Instruments Northern Ireland Statutory Rules Church Instruments UK Ministerial Orders UK Statutory Rules and OrdersAll Draft Legislation UK Draft Statutory Instruments Scottish Draft Statutory Instruments Northern Ireland Draft Statutory RulesAll Impact Assessments UK Impact AssessmentsSearchAdvanced SearchDormant Bank and Building Society Accounts Act 2008You are here:2008 c. 31SCHEDULE 2Table of ContentsContentExplanatory NotesMore ResourcesPrevious: ScheduleNext: SchedulePlain ViewPrint Options
Status:Point in time view latest with prospective.This version of this schedule contains provisions that are prospective.StatusThe term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section. A version of a provision is prospective either: where the provision (Part, has never come into force or; where the text of the provision is subject to change, but no date has yet been appointed by the appropriate person or body for those changes to come into force. Commencement Orders listed in the ‘Changes to Legislation’ box as not yet applied may bring this prospective version into force.Changes to legislation:There are outstanding changes not yet made by the legislation.gov.uk editorial team to Dormant Bank and Building Society Accounts Act 2008. Any changes that have already been made by the team appear in the content and are referenced with annotations.Changes to LegislationChanges and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.Changes and effects yet to be applied to the whole Act, associated Parts and Chapters:Changes and effectsThis section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable. This includes any insertions of whole new Parts, Chapters or provisions yet to be inserted into this Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.Act modified by S.I. 2009/317 art. 3 Sch.Commencement Orders yet to be applied to the Dormant Bank and Building Society Accounts Act 2008:Commencement OrdersThis section lists the commencement orders yet to be applied to the whole Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing. Where applicable the commencement orders are listed under two headings, firstly those that bring some part of the Act you are viewing into force and secondly, those that bring into force legislation that affects some part of the legislation you are viewing. If you are viewing a prospective version or there is a prospective version available there may be commencement orders listed here that are relevant to the provision you are viewing.Commencement Orders bringing provisions within this Act into force:S.I. 2009/490 art. 2 commences (2008 c. 31)Section 15SCHEDULE 2E+W+S+N.I.Amendments to the Financial Services and Markets Act 2000This schedule has no associated Explanatory NotesAmendments to Part 2E+W+S+N.I.1(1)Schedule 2 (regulated activities) is amended as follows.E+W+S+N.I.(2)For the heading to Part 1 there is substituted “Regulated activities: general”.(3)After that Part there is inserted— “Part 1A E+W+S+N.I.Regulated activities: reclaim funds9AActivities of reclaim funds(1)The matters with respect to which provision may be made under section 22(1) in respect of activities include, in particular, any of the activities of a reclaim fund.
Amendments to Part 7E+W+S+N.I.2After section 106 there is inserted—E+W+S+N.I.“106AReclaim fund business transfer scheme(1)A scheme is a reclaim fund business transfer scheme if, under the scheme, the whole or part of the business carried on by a reclaim fund is to be transferred to one or more other reclaim funds.
3In section 107 (application for order sanctioning transfer scheme), in subsection (1), for “or a banking business transfer scheme” there is substituted “, a banking business transfer scheme or a reclaim fund business transfer scheme”.E+W+S+N.I.4(1)Section 111 (sanction of the court for business transfer schemes) is amended as follows.E+W+S+N.I.(2)In subsection (1), for “or a banking business transfer scheme” there is substituted “, a banking business transfer scheme or a reclaim fund business transfer scheme”.(3)In subsection (2)—(a)at the beginning of paragraph (a) there is inserted “in the case of an insurance business transfer scheme or a banking business transfer scheme,”;(b)after that paragraph there is inserted—“(aa)in the case of a reclaim fund business transfer scheme, the appropriate certificate has been obtained (as to which see Part 2A of that Schedule);”.
5In Schedule 12, after Part 2 there is inserted—E+W+S+N.I. “Part 2A E+W+S+N.I.Reclaim fund business transfer schemesCertificate as to financial resources9AFor the purposes of section 111(2) the appropriate certificate, in relation to a reclaim fund business transfer scheme, is a certificate given by the Authority certifying that, taking the proposed transfer into account, the transferee possesses, or will possess before the scheme takes effect, adequate financial resources.”
Amendments to Part 24E+W+S+N.I.6(1)Section 359 (administration order) is amended as follows.E+W+S+N.I.(2)In subsection (3) (persons treated as unable to pay their debts), the “and” at the end of paragraph (a) is omitted and at the end of paragraph (b) there is inserted “, and— (c)an authorised reclaim fund in default on an obligation to pay a sum payable as a result of a claim made by virtue of section 1(2)(b) or 2(2)(b) of the Dormant Bank and Building Society Accounts Act 2008.”
(3)In subsection (4) (definitions), at the appropriate place there is inserted—““authorised reclaim fund” means a reclaim fund within the meaning given by section 5(1) of the Dormant Bank and Building Society Accounts Act 2008 that is authorised for the purposes of this Act;”.
7After section 369 there is inserted—E+W+S+N.I.“369AReclaim funds: service of petition etc on Authority(1)If a person other than the Authority presents a petition for the winding up of an authorised reclaim fund, the petitioner must serve a copy of the petition on the Authority.