http://www.legislation.gov.uk/uksi/2014/1960/contents
The Financial Services and Markets Act 2000 (Ring-fenced Bodies and Core Activities) Order 2014
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BANKS AND BANKING
2024-06-19
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2023-06-23
This Order specifies classes of institution which are exempted from the definition of “ring-fenced body in section 142A of the Financial Services and Markets Act 2000 (c.8) (“the Act”). The classes of institution which are exempted are insurance companies, societies registered under s. 1 of the Co-operative and Community Benefit Societies Act 2014 (which include credit unions and industrial and provident societies), Northern Ireland credit unions, Northern Ireland industrial and provident societies, banks which hold less than £25 billion core deposits, and bodies which would only have become ring-fenced bodies as a result of action being taken under the Banking Act 2009 to stabilise a bank in financial difficulty where not more than four years has passed since the date of that action.
The Financial Services and Markets Act 2000 (Ring-fenced Bodies and Core Activities) Order 2014
2000 c. 8. Sections 142A to 142Z1 were inserted into the Act by the Financial Services (Banking Reform) Act 2013, section 4.