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—