BKLM243120 - Relevant entities and groups: banking groups: UK resident bank: the wider banking condition

Paragraph 80(1)(c)(ii) and (d) of Schedule 19

»Ê¹ÚÌåÓýapp wider banking condition is designed to exclude those entities that have permissions to carry out a wide range of regulated activities but where the scale of those activities are either

  • narrow in range, or
  • more wide-ranging but overall are relatively small.

»Ê¹ÚÌåÓýapp wider banking condition has three parts, all of which need to be met.

»Ê¹ÚÌåÓýapp first part concerns the entity’s regulatory status and the scale of its activities - see BKLM243130.

»Ê¹ÚÌåÓýapp second part concerns the company’s activities and the third part concerns the company’s trade - see BKLM243140.