PART 9B

Ring-fencing

General

Interpretation of Part 9B
142Z1
1
This section has effect for the interpretation of this Part.
2
Any reference to—
a
the regulated activity of accepting deposits, or
b
the regulated activity of dealing in investments as principal,
is to be read in accordance with Schedule 2, taken with any order under section 22.
3
Any reference to the group restructuring powers is to be read in accordance with section 142L(1).
4
Any reference to a qualifying parent undertaking is to be read in accordance with section 142L(4).
Pt. 9B inserted (1.3.2014 for the insertion of ss. 142A-142F, 142I, 142W-142Z1 for specified purposes, 21.4.2016 for the insertion of s. 142H, 1.1.2019 in so far as not already in force) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 4(1), 148(5); S.I. 2014/377, art. 2(1)(b), Sch. Pt. 2; S.I. 2016/512, art. 2(a); S.I. 2018/1306, art. 2(d)
Pt. 9B power to apply (with modifications) conferred (1.1.2019) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 7(2)(b), 148(5); S.I. 2018/1306, art. 2(f)