- Latest available (Revised) - English
- Latest available (Revised) - Welsh
- Original (As made) - English
- Original (As made) - Welsh
The Dormant Bank and Building Society Accounts Act 2008 (Prescribed Restrictions) (Wales) Order 2010
You are here:
- Wales Statutory Instruments
- 2010 No. 1317 (W. 111)
- Whole Instrument
- Previous
- Next
What Version
Opening Options
Status:
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Welsh Statutory Instruments
2010 No. 1317 (W.111)
BANKS AND BANKING
BUILDING SOCIETIES
The Dormant Bank and Building Society Accounts Act 2008 (Prescribed Restrictions) (Wales) Order 2010
Made
20 April 2010
Coming into force in accordance with article 1(2)
The Welsh Ministers make the following Order in exercise of the power conferred by section 19(1) of the Dormant Bank and Building Society Accounts Act 2008(1).
The Welsh Ministers have consulted the Big Lottery Fund and other appropriate persons in accordance with section 19(2) of that Act.
A draft of this Order has been laid before and approved by resolution of the National Assembly for Wales in accordance with section 19(3) of that Act.
Title, commencement and application
1.—(1) The title of this Order is the Dormant Bank and Building Society Accounts Act 2008 (Prescribed Restrictions) (Wales) Order 2010.
(2) This Order comes into force on the day after the day on which it is made.
(3) This Order applies in relation to Wales.
Prescribed restrictions
2. A distribution of dormant account money for meeting Welsh expenditure must be—
(a)made for meeting expenditure on or connected with the protection or enhancement of the environment, or
(b)made for meeting expenditure on or connected with the provision of services, facilities or opportunities to meet the needs of people who have not attained the age of 26 years.
Alun Ffred Jones
Minister for Heritage, one of the Welsh Ministers
20 April 2010
Explanatory Note
(This note is not part of the Order)
The Dormant Bank and Building Society Accounts Act 2008 set up a framework for a scheme under which money in dormant bank and building society accounts can be distributed for the benefit of the community, whilst ensuring the right of owners to reclaim their money is protected.
Section 19(1) of that Act provides that Welsh Ministers may by Order make provision restricting the purposes for which, or the kinds of person to which, a distribution of dormant account money for meeting Welsh expenditure may be made.
This Order restricts the distribution of dormant account money for meeting Welsh expenditure to that which protects or enhances the environment or that which meets the needs of people who have not attained the age of 26 years.
No impact assessment has been produced for this Order as no impact on the private or voluntary sectors is foreseen.
(1)
Options/Help
Print Options
PrintThe Whole Instrument
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area. The revised version is currently only available in English.
Original (As Enacted or Made) - English: The original English language version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Original (As Enacted or Made) - Welsh:The original Welsh language version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Opening Options
Different options to open legislation in order to view more content on screen at once
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as made version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.