Dormant Bank and Building Society Accounts Bill [HL]

Perhaps I may clarify that the relationship of the person or agency whose account has gone dormant, and whose pass book is discovered in the attic, is with the bank and with no one else. Therefore, there may be a relationship between that bank or building society and the reclaim fund, but not between the person and the fund. We need to make clear how that triangular relationship works. Am I correct?