Brian O'Shea (Waterford, Labour)
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Question 272: To ask the Minister for Finance the amount of money from dormant accounts that has been paid over to his Department from financial institutions in the south east region; and if he will make a statement on the matter. [3824/07]

Brian Cowen (Laois-Offaly, Fianna Fail)
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Under the Dormant Accounts Act 2001 and the Unclaimed Life Assurance Policies Act 2003, credit institutions and insurance undertakings are required, each April, to transfer to the National Treasury Management Agency, all monies falling dormant in the previous year. Each credit institution and insurance undertaking is also required under the legislation to keep a register of their dormant accounts or policies. However, there is no legal requirement or business reason for them to compile a breakdown based on the region in which the credit institutions are based. The information requested by the Deputy is not, therefore, available.