BKLM243120 - Relevant entities and groups: banking groups: UK resident bank: the wider banking condition
Paragraph 80(1)(c)(ii) and (d) of Schedule 19
The 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.
The wider banking condition has three parts, all of which need to be met.
The first part concerns the entity바카라 사이트™s regulatory status and the scale of its activities - see BKLM243130.
The second part concerns the company바카라 사이트™s activities and the third part concerns the company바카라 사이트™s trade - see BKLM243140.