106 Banking business transfer schemes

106  Banking business transfer schemes

(1)     A scheme is a banking business transfer scheme if it—

(a)     satisfies one of the conditions set out in subsection (2);

(b)     is one under which the whole or part of the business to be transferred includes the accepting of deposits; and

(c)     is not an excluded scheme [or a ring-fencing transfer scheme].

(2)     The conditions are that—

(a)     the whole or part of the business carried on by a UK authorised person who has permission to accept deposits (“[the transferor concerned]”) is to be transferred to another body (“the transferee”);

(b)     the whole or part of

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