48Dormant accounts of charities: procedure and interpretation
(1)The Scottish Ministers may, by regulations, make provision as to—
(a)the procedure to be followed by OSCR under section 47,
(b)the extent to which OSCR, in transferring an amount under subsection (3) of that section, may retain a sum in respect of its expenses in exercising its functions under that section.
(2)An account is dormant for the purposes of section 47 if no transaction other than—
(a)a payment into the account, or
(b)a transaction effected by the relevant financial institution holding the account,
has been effected in relation to the account within the period of 5 years immediately preceding the dormancy date.
(3)An account is no longer dormant for the purposes of that section if a transaction other than—
(a)a payment into the account,
(b)a transaction effected by the relevant financial institution holding the account, or
(c)a transaction effected by OSCR in pursuance of subsection (3) of that section,
is effected after the dormancy date.
(4)The dormancy date is the date on which the institution informs OSCR as mentioned in section 47(1)(a).