Part 2: Other Provisions Section 19: Power to extend the dormant assets scheme to cover new dormant assets
This section provides a power for the Secretary of State or the Treasury to bring additional asset classes in scope of the Scheme. This might include ones which have already been proposed for inclusion but whose suitability needs further exploration, new ones, or ones where dormancy has not yet been identified as an issue. The power also enables the Secretary of State or the Treasury to amend the current asset classes so that they can cover new types of assets within that class, and make consequential amendments.
	Subsection (1) allows the Secretary of State or the Treasury to amend Part 1 of the Act or the 2008 Act by regulations for this purpose. Subsections (2) and (3) make further provision about what such regulations must and can include; for example, identifying when dormancy exists and ensuring that the owner has a right to payment against an authorised reclaim fund.
	Under subsection (4), the Secretary of State or the Treasury may include in such regulations provision to enable participants to convert a dormant non-cash asset into cash in order for it to be transferred into the Scheme, where the asset's terms do not provide for this. Subsections (5)-(8) make further provision about what such regulations must do.
	Subsection (9) ensures that all assets currently in scope cannot be excluded or have their associated definitions of dormancy altered using this power. Subsection (10) provides that any regulations made under this power must be approved by both Houses of Parliament.