The Data-gathering (Ongoing Data: Interest and Payment Card Transactions) Regulations 2026
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12 Treatment of interest on relevant dormant accounts
(1) Where a repayment claim to the balance of a relevant dormant account with a relevant financial institution is settled, any interest paid or credited in relation to the account during the relevant dormant period is to be treated for the purposes of these Regulations as paid or credited— (a) by the relevant financial institution, and (b) on the day on which the repayment claim is settled. (2) In this regulation, “relevant dormant period” means the period beginning with the day on which a dormant account becomes a relevant dormant account and ending with the day on which a repayment claim in relation to the account is settled.
12 Treatment of interest on relevant dormant accounts
(1) Where a repayment claim to the balance of a relevant dormant account with a relevant financial institution is settled, any interest paid or credited in relation to the account during the relevant dormant period is to be treated for the purposes of these Regulations as paid or credited— (a) by the relevant financial institution, and (b) on the day on which the repayment claim is settled. (2) In this regulation, “relevant dormant period” means the period beginning with the day on which a dormant account becomes a relevant dormant account and ending with the day on which a repayment claim in relation to the account is settled.
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