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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

account

    65(in relation to a dormant account) has the meaning given in section 9 of the Dormant Bank and Building Society Accounts Act 2008, which is in summary:

      1. (a) an account which has at all times consisted only of money and is provided by a bank or building society as part of its activity of accepting deposits; and
      1. (b) in relation to a building society, it includes an account representing shares in the society, other than:
        1. (i) preferential shares; or
        1. (ii) deferred shares within the meaning given in section 119(1) of the Building Societies Act 1986.