F1PART 9BRing-fencing

General

142Z1Interpretation of Part 9B

(1)

This section has effect for the interpretation of this Part.

(2)

Any reference to—

(a)

the regulated activity of accepting deposits, or

(b)

the regulated activity of dealing in investments as principal,

is to be read in accordance with Schedule 2, taken with any order under section 22.

(3)

Any reference to the group restructuring powers is to be read in accordance with section 142L(1).

(4)

Any reference to a qualifying parent undertaking is to be read in accordance with section 142L(4).