Paragraph 3
(1)
No subordinated loan capital shall, in Part I or II above, be treated as retail or non-retail funds and deposits.
(2)
Subject to subparagraph (1) above, in Part II above the liabilities of any relevant subsidiary of a society in respect of deposits which would, were they liabilities of the society, be classifiable as non-retail funds and deposits shall be treated as non-retail funds and deposits and any other such liabilities of the relevant subsidiary shall be treated as retail funds and deposits.