Dormant Bank and Building Society Accounts Act 2008

Last updated

Dormant Bank and Building Society Accounts Act 2008 [1]
Act of Parliament
Royal Coat of Arms of the United Kingdom (variant 1, 1952-2022).svg
Long title An Act to make provision for, and in connection with, using money from dormant bank and building society accounts for social or environmental purposes.
Citation 2008 c. 31
Introduced by Lord Davies of Oldham, Angela Eagle [2]
Territorial extent  England and Wales, Scotland and Northern Ireland. [3]
Dates
Royal assent 26 November 2008
History of passage through Parliament
Text of statute as originally enacted
Revised text of statute as amended

The Dormant Bank and Building Society Accounts Act 2008 (c. 31) is an act of the Parliament of the United Kingdom. It authorises the distribution, by the Big Lottery Fund, of assets from cash accounts that have been inactive for fifteen years.

Contents

Commencement

Parts 1 and 2 came into force on 12 March 2009. [4] Part 3 came into force on 26 November 2008. [5]

See also

Related Research Articles

<span class="mw-page-title-main">Financial Services Authority</span> 2001–2013 UK quasi-judicial body

The Financial Services Authority (FSA) was a quasi-judicial body accountable for the regulation of the financial services industry in the United Kingdom between 2001 and 2013. It was founded as the Securities and Investments Board (SIB) in 1985. Its board was appointed by the Treasury, although it operated independently of government. It was structured as a company limited by guarantee and was funded entirely by fees charged to the financial services industry.

<span class="mw-page-title-main">Bank of Ireland</span> Irish commercial bank

Bank of Ireland Group plc is a commercial bank operation in Ireland and one of the traditional Big Four Irish banks. Historically the premier banking organisation in Ireland, the bank occupies a unique position in Irish banking history. At the core of the modern-day group is the old Governor and Company of the Bank of Ireland, the ancient institution established by royal charter in 1783.

<span class="mw-page-title-main">Grantham Canal</span> Canal once running between Grantham and Nottingham

The Grantham Canal ran 33 miles (53 km) from Grantham through 18 locks to West Bridgford, where it joined the River Trent. It was built primarily for the transportation of coal to Grantham. It opened in 1797 and its profitability steadily increased until 1841. It was then sold to a railway company, declined, and was finally closed in 1936. It was used as a water supply for agriculture, and so most of it remained in water after closure, although bridges were lowered. Since the 1970s, the Grantham Canal Society have been working to restore parts of it. Two stretches are now navigable to small vessels. A new route will be required where the canal joins the Trent, as road building has severed the original one.

<span class="mw-page-title-main">Bank Charter Act 1844</span> United Kingdom legislation

The Bank Charter Act 1844, sometimes referred to as the Peel Banking Act of 1844, was an Act of the Parliament of the United Kingdom, passed under the government of Robert Peel, which restricted the powers of British banks and gave exclusive note-issuing powers to the central Bank of England. It is one of the Bank of England Acts 1694 to 1892.

<span class="mw-page-title-main">Suffragan Bishops Act 1534</span> United Kingdom legislation

The Suffragan Bishops Act 1534 is an Act of the Parliament of England that authorised the appointment of suffragan bishops in England and Wales. The tradition of appointing suffragans named after a town in the diocese other than the town the diocesan bishop is named after can be dated from this act.

<span class="mw-page-title-main">Financial Services Compensation Scheme</span> UK government agency

The Financial Services Compensation Scheme (FSCS) is the UK's statutory compensation scheme for customers of UK authorised financial services firms. This means that FSCS can step in to pay compensation if a firm is unable, or likely to be unable, to pay claims against it. Compensation can be in any form and by any method that at the FSCS determines is appropriate. FSCS is an operationally independent body, set up under the Financial Services and Markets Act 2000 (FSMA), and funded by a levy on authorised financial services firms. The scheme rules of the FSCS are made by the Financial Conduct Authority (FCA) and are contained in the FCA's Handbook. The FCA also appoint its Board and the FSCS is ultimately accountable to the FCA. The scheme covers deposits, insurance, debt management, funeral plans, insurance, investments, pensions, mortgages and payment protection insurance.

<span class="mw-page-title-main">Banking (Special Provisions) Act 2008</span> United Kingdom legislation

The Banking Act 2008 is an Act of the Parliament of the United Kingdom that entered into force on the 21 February 2008 in order to enable the UK government to nationalise high-street banks under emergency circumstances by secondary legislation. The Act was introduced in order to nationalise the failing bank Northern Rock after the bank was supported by Bank of England credit and a private-sector solution was deemed "not to provide sufficient value for the taxpayer" by the UK government.

<span class="mw-page-title-main">Legal Services Act 2007</span> United Kingdom legislation

The Legal Services Act 2007 is an Act of the Parliament of the United Kingdom that seeks to liberalise and regulate the market for legal services in England and Wales, to encourage more competition and to provide a new route for consumer complaints. It also makes provisions about the Legal Profession and Legal Aid (Scotland) Act 2007.

<span class="mw-page-title-main">Banking Act 2009</span> United Kingdom legislation

The Banking Act 2009 is an act of the Parliament of the United Kingdom that entered into force in part on the 21 February 2009 in order, amongst other things, to replace the Banking Act 2008. The Act makes provision for the nationalisation of banks, amends the law on bank insolvency and administration, and makes provision about the Financial Services Compensation Scheme. It also makes provision about the regulation of inter-bank payment schemes, amends the law on the issue of banknotes by Scottish and Northern Irish banks, and makes other miscellaneous amendments to the law on banking.

<span class="mw-page-title-main">Courts and Legal Services Act 1990</span> United Kingdom legislation

The Courts and Legal Services Act 1990 was an Act of the Parliament of the United Kingdom that reformed the legal profession and courts of England and Wales. The Act was the culmination of a series of reports and reforms that started with the Benson Commission in the 1970s, and significantly changed the way that the legal profession and court system worked.

<span class="mw-page-title-main">Autism Act 2009</span> United Kingdom legislation

The Autism Act 2009 is an Act of the Parliament of the United Kingdom. The Act makes provision about the needs of adults who have autistic spectrum disorders including autism and Asperger syndrome.

Big Society Capital Limited (BSC) is a social impact investor in the United Kingdom. Its mission is to grow the amount of money invested in tackling social issues and inequalities in the UK. It invests its own capital as well as enabling others to invest for impact too. The capital finances front-line social purpose organizations tackling everything from homelessness to mental health and fuel poverty, enabling them to grow and increase their impact.

<span class="mw-page-title-main">Northern Ireland Act 2009</span> United Kingdom legislation

The Northern Ireland Act 2009 is an Act of the Parliament of the United Kingdom. It makes provision preparatory to the intended devolution of "policing and justice" to the Northern Ireland Assembly.

<span class="mw-page-title-main">Marine and Coastal Access Act 2009</span> United Kingdom legislation

The Marine and Coastal Access Act 2009 is an Act of the Parliament of the United Kingdom. It creates "a new system of marine management".

<span class="mw-page-title-main">Corporation Tax Act 2009</span> United Kingdom legislation

The Corporation Tax Act 2009 is an Act of the Parliament of the United Kingdom. It restated certain legislation relating to corporation tax, with minor changes that were mainly intended "to clarify existing provisions, make them consistent or bring the law into line with well established practice." The Bill was the work of the Tax Law Rewrite Project team at HM Revenue and Customs.

<span class="mw-page-title-main">Sustainable and Secure Buildings Act 2004</span> United Kingdom legislation

The Sustainable and Secure Buildings Act 2004 is an Act of the Parliament of the United Kingdom.

<span class="mw-page-title-main">Health Protection Agency Act 2004</span> United Kingdom legislation

The Health Protection Agency Act 2004 is an Act of the Parliament of the United Kingdom.

Building Societies Act is a stock short title used in both Ireland and the United Kingdom for legislation relating to building societies.

References

  1. The citation of this act by this short title is authorised by section 32 of this act.
  2. "Dormant Bank and Building Society Accounts Bill [HL] 2007-08 — UK Parliament". Archived from the original on 28 March 2012. Retrieved 22 September 2011.
  3. The Dormant Bank and Building Society Accounts Act 2008, section 30
  4. The Dormant Bank and Building Society Accounts Act 2008, section 31; the Dormant Bank and Building Society Accounts Act 2008 (Commencement and Transitional Provisions) Order 2009 (S.I. 2009/490 (C.33), article 2.
  5. The Interpretation Act 1978, section 4(b).