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Term Definition Legal instruments

ring-fencing fees group

01/07/2019

THIS DEFINITION ONLY APPLIES TO THE FEES PART

means a banking group, or part of a banking group, which does not meet the core deposit level condition in Article 12 of the FSMA (Ring-fenced Bodies and Core Activities) Order 2014 and does not fall within the exemptions set out in Article 11 of the FSMA (Ring-fenced Bodies and Core Activities) Order 2014.