Regulatory AlertsPS24/10: Expansion of the Dormant Assets scheme – second phase
The Prudential Regulation Authority and Financial Conduct Authority issued Policy Statement PS24/10 to finalize the second phase of the Dormant Assets Scheme expansion. This policy implements changes to the scheme's scope and operational framework to increase the recovery and redistribution of dormant funds. The measures aim to enhance the efficiency of the scheme while ensuring robust safeguards for consumers and participating firms.
Share