80(1)“UK resident bank” means an entity which—
(a)is a UK resident entity,
(b)is an authorised person for the purposes of FISMA 2000 (see section 31 of that Act),
(c)is an entity—
(i)whose activities include the relevant regulated activity described in the provision mentioned in paragraph 79(a), or
(ii)which is both a BIPRU 730k firm and a full scope BIPRU investment firm, whose activities consist wholly or mainly of any of the relevant regulated activities described in the provisions mentioned in paragraph 79(b) to (f),
(d)carries on that relevant regulated activity, or those relevant regulated activities, wholly or mainly in the course of trade,
(e)meets the capital resources condition, and
(f)is not an excluded entity.
(2)“UK resident bank” also includes an entity which—
(a)meets the conditions in sub-paragraph (1)(a) and (f), and
(b)is a member of a partnership which meets the conditions in sub-paragraph (1)(b) to (e).