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Application provision

1.1 This Part applies to:

  1. (1) a UK bank;
  2. (2) a building society; and
  3. (3) an overseas firm that:
    1. (a)  is not an incoming firm; and
    2. (b)  has a Part 4A permission that includes permission to carry out accepting deposits.

1.1

01/02/2014

This Part applies to:

  1. (1) a UK bank;
  2. (2) a building society; and
  3. (3) an overseas firm that:
    1. (a)  is not an incoming firm; and
    2. (b)  has a Part 4A permission that includes permission to carry out accepting deposits.

1.2

01/02/2014

In this Part the following definitions shall apply:
 
 
means in relation to a natural person (“A”):
      1. (a)  A’s spouse or civil partner;
      2. (b)  any other person with whom A lives as partner in an enduring family relationship;
      3. (c)  A’s children or step-children;
      4. (d)  any children or step-children of a person within (b) (and who are not children or step-children of A) who live with A and have not attained the age of 18; and
      5. (e)  A’s parents.
 
 
means in relation to a firm:
      1. (a)  any person that it controls;
      2. (b)  its affiliated companies;
      3. (c)  its and its affiliated companies’ controllers;
      4. (d)  its and its affiliated companies’ directors;
      5. (e)  its and its affiliated companies’ senior management;
      6. (f)  its and its affiliated companies’ key employees;
      7. (g)  close family members of any natural person listed in (a) to (f) above;
      8. (h)  direct and related interests of any person listed in (a) to (g) above; and
      9. (i)  any person that would fall into (a) to (h) above after the relevant transaction has occurred.
 
 
means any transaction or arrangement including:
      1. (a)  any arrangement or circumstance that gives rise to or varies an on-balance sheet or off-balance sheet asset or liability (whether contingent or otherwise);
      2. (b)  dealings such as service contracts, as set acquisitions and disposals, construction contracts, lease agreements, derivative transactions, borrowings and write-offs.