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Application provision

1.1 Unless otherwise stated, this Part applies to every firm that is a CRR firm.

1.1

01/01/2014

Unless otherwise stated, this Part applies to every firm that is a CRR firm.

1.2

01/01/2014

In this Part the following definitions shall apply:

Small specialist bank

a bank that has capital resources equal to or in excess of the base capital resources requirement for a small specialist bank in 12.1 but less than the base capital resources requirement of a bank and that carries out one or more of the following activities:

    1. (1) provides current and savings accounts;
    2. (2) lending to small and medium-sized enterprises;
    3. (3) lending secured by mortgages on residential property.

1.3

01/01/2014

Unless otherwise defined, any italicised expression used in this Part and in the CRR has the same meaning as in the CRR.