Dormant assets scheme: HM Treasury and DCMS consult on expansion -
HM Treasury and the Department for Digital, Culture, Media and Sport (DCMS) jointly published on 21 February 2020, a consultation paper on expanding the dormant assets scheme established under the Dormant Bank and Building Society Accounts Act 2008. The consultation follows an industry-led report by four business leaders which made a series of recommendations on how to broaden the current scheme beyond bank and building society accounts.
Please see full publication below for more information.