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Government Response to the Commission on Dormant Assets' Report on Tackling Dormant Assets: Recommendations to benefit investors and society

The Government's response to the Commission on Dormant Asset's report confirms commitment to: support industry to expand the dormant assets scheme to include a wider range of financial assets; appoint senior industry champions to drive forward the initiative, and to report to Government on the details of implementation; retain the main principles of the scheme; ensure that, where appropriate, certain assets remain outside the scope of the scheme; and engage with Co-Operative Banking Group about the appropriate future governance structure for Reclaim Fund Ltd.

Link to Policy paper
Link to Recommendations to benefit investors and society
Link to Government Response
Category: Banking » Dormant accounts. Area(s) of law: Banking; Charities.
Source: Department for Digital, Culture, Media and Sport; Treasury.

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