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Why intermediated securities should be brought within scope of the expanded Dormant Assets legislation

28 May 2024 / Author(s): Ferdisha Snagg , Gee Kim
Issue: November 2021 / Categories: Feature

In this article the authors set out an overview of the proposed expansion of the Dormant Bank and Building Society Accounts Act 2008 and a critical examination of the possible reasons for leaving intermediated securities out. They argue that bringing intermediated securities within scope of the legislation would reflect the operational reality of how UK public securities are held, maximise the legislation’s impact, and could generally be done without too much conceptual difficulty.

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