Clause 12 - Transfer of eligible client money to reclaim fund

Part of Dormant Assets Bill [Lords] – in a Public Bill Committee at 9:45 am on 11 January 2022.

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Photo of Nusrat Ghani Nusrat Ghani Conservative, Wealden 9:45, 11 January 2022

With this it will be convenient to consider Clause 13 stand part.

Clause

A parliamentary bill is divided into sections called clauses.

Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.

During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.

When a bill becomes an Act of Parliament, clauses become known as sections.

clause

A parliamentary bill is divided into sections called clauses.

Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.

During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.

When a bill becomes an Act of Parliament, clauses become known as sections.