Dormant Bank and Building Society Accounts Bill [HL]

The noble Lord, Lord Shutt, is absolutely right but the reclaim fund has to have information on which dormant accounts it is taking over so that it can check them off when it is asked to repay them. It cannot be in an information void. The noble Lord, Lord Shutt, may well be right that the customer’s relationship is with the bank but there must be a relationship between the bank and the reclaim fund, as I cannot see how the fund can operate without having personal information.