“UK RESIDENT BANK” AND “RELEVANT FOREIGN BANK”

43(1)  “UK resident bank” means a company which–

(a)is resident in the United Kingdom,

(b)is an authorised person for the purposes of FISMA 2000 (see section 31 of that Act),

(c)is a person–

(i)whose activities include the relevant regulated activity described in the provision mentioned in paragraph 44(1)(a), or

(ii)which is both a BIPRU 730k firm and a full scope BIPRU investment firm, whose activities consist wholly or mainly of any of the relevant regulated activities described in the provisions mentioned in paragraph 44(1)(b) to (f) and which meets the capital resources condition,

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