Clause 6
Dormant Bank and Building Society Accounts Bill [Lords]
12:15 pm
Ian Pearson (Parliamentary Under-Secretary, Department for Business, Enterprise & Regulatory Reform; Dudley South, Labour)
I welcome the hon. Gentleman’s support for removing clause 6. If there is a problem with subsection (2)(a), I will undertake to return to the matter on Report. It is not the Government’s intention to be secretive in any way in the wholly unexpected circumstance that we might exercise a power of direction; on the contrary, we would want to ensure that we act transparently. We have debated whether that should be through an affirmative or negative procedure, perhaps because of the requirement for urgency. I will come back to that later should it be necessary or if there is any lack of clarity or transparency.