(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 the business carried on
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