Written Questions are submitted by MPs or Lords to receive information from a Department.
|9 Jul 2018, 4:14 p.m.||Dormant Assets Commission||Kemi Badenoch|
To ask the Secretary of State for Digital, Culture, Media and Sport, what progress has been made on the implementation of the report, Tackling dormant assets: recommendations to benefit investors and society published by the Independent Dormant Assets Commission in March 2017.
Answer (Tracey Crouch)
The Government published its response to the Dormant Assets Commission’s report in February 2018. In June, Ministers announced four senior industry champions, who will spearhead the expansion of the current dormant assets scheme, with the support of government, to include a wider set of financial assets across the financial services sector.
The champions will report to Ministers on an implementation plan for their respective sectors in due course.