S.I. No. 594/2001 - Dormant Accounts (Prescribed Notice) Regulations, 2001

1. These Regulations may be cited as the Dormant Accounts (Prescribed Notice) Regulations, 2001.

Commencement.

2. These Regulations come into operation on the 1st day of January 2002.

Notice to be published

3. The notice referred to in

section 11

(2) of the

Dormant Accounts Act, 2001

(No. 32 of 2001), shall be in the form for the time being approved by the Minister.

GIVEN

under the Official Seal of the Minister for Social, Community And Family Affairs, this 18th day of December, 2001.

DERMOT AHERN

Minister for Social, Community and Family Affairs.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

The

Dormant Accounts Act, 2001

(No. 32 of 2001) deals with dormant accounts in credit institutions.

Section 11

of the

Dormant Accounts Act, 2001

obliges credit institutions to arrange for publication of a notice in two or more national daily newspapers and in the Iris Oifigiúil advising the general public about dormant accounts. These Regulations provide that the notice shall be in the form approved by the Minister.

The first notice shall be published on 30 April 2002. In each subsequent year, the notice shall be published on the first week-day in October in that year.

The Minister for Social, Community and Family Affairs, in exercise of the powers conferred on him by

section 4

(1) (a) of the

Dormant Accounts Act, 2001

(No. 32 of 2001), hereby makes the following Regulations

Citation.