Question to the Department for Digital, Culture, Media & Sport:

To ask Her Majesty’s Government when the Dormant Assets Commission last met; when it is due to meet again; which stakeholders the Commission has consulted; and what is the scale and scope of the Commission’s investigation.

The independent Commission on Dormant Assets’ final meeting was held on 1st December 2016. The Commission published its report on 3 March 2017 and is not scheduled to meet again.

The Commission met a wide range of stakeholders, convened industry working groups and ran a call for evidence sent to around 200 organisations.

The Commission worked to Government-agreed Terms of Reference, to provide expert, independent and impartial advice and evidence on:

• which dormant assets can be brought into an expanded dormant asset scheme, and how they can be identified by industry;
• the projected size of the funding pot this could produce for good causes;
• whether, with the potential increase of dormant assets being released by industry, the current system is able to manage the burden; and
• whether any new legislation should include a requirement for improved transparency from industry on disclosing the level of assets within their sector