1
Application and Definitions
1.1
This Part applies to:
- (1) a UK bank;
- (2) a building society; and
- (3) an overseas firm that:
- (a) is not an incoming firm; and
- (b) has a Part 4A permission that includes permission to carry out accepting deposits.
- 01/02/2014
1.2
In this Part the following definitions shall apply:
means in relation to a natural person (“A”):
- (a) A’s spouse or civil partner;
- (b) any other person with whom A lives as partner in an enduring family relationship;
- (c) A’s children or step-children;
- (d) any children or step-children of a person within (b) (and who are not children or step-children of A) who live with A and have not attained the age of 18; and
- (e) A’s parents.
means in relation to a firm:
- (a) any person that it controls;
- (b) its affiliated companies;
- (c) its and its affiliated companies’ controllers;
- (d) its and its affiliated companies’ directors;
- (e) its and its affiliated companies’ senior management;
- (f) its and its affiliated companies’ key employees;
- (g) close family members of any natural person listed in (a) to (f) above;
- (h) direct and related interests of any person listed in (a) to (g) above; and
- (i) any person that would fall into (a) to (h) above after the relevant transaction has occurred.
means any transaction or arrangement including:
- (a) any arrangement or circumstance that gives rise to or varies an on-balance sheet or off-balance sheet asset or liability (whether contingent or otherwise);
- (b) dealings such as service contracts, as set acquisitions and disposals, construction contracts, lease agreements, derivative transactions, borrowings and write-offs.
- 01/02/2014