Sections 14-16: Securities assets Section 15: "Eligible proceeds or distribution"
This section provides that the following dormant proceeds or distribution are in scope of the Scheme, provided that the shareholder is a natural person:
share conversion proceeds, converted to cash in line with relevant articles, terms, and/or provisions;
a cash distribution from a share; and
proceeds from corporate actions.
	Subsection (2) specifies that an amount held in a Lifetime ISA is excluded when its transfer to the reclaim fund would result in liability to pay a withdrawal charge to HMRC.
	Share conversion proceeds in the securities sector are only in scope on the condition that the articles, terms, and/or provisions that govern them enable a gone-away shareholder, should they return, to reclaim the value of the share at the point it was converted to cash. After adjusting as appropriate (e.g. for any relevant interest or fees), this will be the reclaim amount for the purposes of the Scheme.