Sections 22-25: Provisions applicable to more than one scheme Section 23: Arrangements between reclaim fund and institutions
This section provides that an authorised reclaim fund may only accept transfers from an institution if it has made contractual or other arrangements with the institution that the reclaim fund considers to be a satisfactory basis for accepting such transfers. An institution is considered a participant once these arrangements are in place.
	While the 2008 Act does not make reference to the agreements held between the reclaim fund and participants, or the requirement for participants to make reunification efforts, these provisions are based on existing practice.
	Subsections (2) and (3) specify that the arrangements must include provisions requiring the participant to take steps to reunite assets with their owners. The section does not stipulate the specific tracing, verification, and reunification practices that should be included in the arrangements, allowing for the practices to be tailored and improved over time. Subsection (4) clarifies that these requirements do not apply for unwanted assets.
	Subsection (5) specifies what the arrangements may provide for. This includes participants maintaining customer engagement on the reclaim fund's behalf, including managing owner reclaims.
	In line with current practice, there may be cases where undertaking steps to trace and verify an owner would be disproportionate, or otherwise unnecessary. For example, this could be because a dormant asset is of such low value that it would cost the participant a significant proportion of what it is worth to try to reunite it with its owner. To accommodate these situations and enable participants to determine appropriate de minimis values, subsections (5)(a) and (6) allow for reasonable exceptions to be agreed in the arrangements where tracing and verification would be disproportionate or unnecessary.