The Distribution of Dormant Account Money (Apportionment) Order 2011

• Citation: S.I. 2011/1799
• Sections: 2

Section 1 Citation and Commencement

This Order may be cited as the Distribution of Dormant Account Money (Apportionment) Order 2011 and comes into force on the day after the day on which it is made.

Section 2 Apportionment

The following percentages are prescribed for the purposes of section 17(1) of the Dormant Bank and Building Society Accounts Act 2008 (apportionment of dormant assets money ) —

(a) 83.9 per cent for meeting expenditure in relation to England,

(b) 4.9 per cent for meeting expenditure in relation to Wales,

(c) 8.4 per cent for meeting expenditure in relation to Scotland,

(d) 2.8 per cent for meeting expenditure in relation to Northern Ireland.