{
  "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014",
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  "id": "ukdsi/2014/9780111117118",
  "title": "The Financial Services and Markets Act 2000 (Ring-fenced Bodies and Core Activities) Order 2014",
  "short_title": "Financial Services and Markets Act 2000 (Ring-fenced Bodies and Core Activities) 2014",
  "long_title": "This Order specifies classes of institution which are exempted from the definition of “ring-fenced body in section 142A of the Financial Services and Markets Act 2000 (c.8) (“the Act”). The classes of institution which are exempted are insurance companies, societies registered under s. 1 of the Co-operative and Community Benefit Societies Act 2014 (which include credit unions and industrial and provident societies), Northern Ireland credit unions, Northern Ireland industrial and provident societies, banks which hold less than £25 billion core deposits, and bodies which would only have become ring-fenced bodies as a result of action being taken under the Banking Act 2009 to stabilise a bank in financial difficulty where not more than four years has passed since the date of that action.",
  "citation": "Draft 2014, ISBN 9780111117118",
  "type": "ukdsi",
  "year": "2014",
  "number": "9780111117118",
  "version": "current",
  "date": null,
  "revised": false,
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  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014/introduction",
      "extent": null,
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    },
    {
      "path": "part/1",
      "kind": "part",
      "number": "1",
      "heading": "General",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Citation, commencement and interpretation",
      "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014/article-1",
      "extent": null,
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "part/2",
      "kind": "part",
      "number": "2",
      "heading": "Circumstances in which accepting a deposit is not a core activity",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Circumstances in which accepting a deposit is not a core activity",
      "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014/article-2",
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      "path": "article/3",
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      "heading": "Meaning of qualifying organisation",
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      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Qualifying condition for a body corporate or a partnership",
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    {
      "path": "article/5",
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      "number": "5",
      "heading": "Qualifying condition for an organisation which is not a body corporate or a partnership",
      "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014/article-5",
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    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Qualifying organisation declaration accompanied by a confirming statement: requirements for confirming statement",
      "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014/article-6",
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      "path": "article/7",
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      "heading": "Requirements concerning currency when qualifying organisation declaration accompanied by annual accounts",
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    {
      "path": "article/8",
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      "heading": "Meaning of qualifying group member",
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    {
      "path": "article/9",
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      "number": "9",
      "heading": "Meaning of eligible individual",
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    },
    {
      "path": "article/10",
      "kind": "article",
      "number": "10",
      "heading": "Declaration of eligibility: determining assets held by an individual",
      "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014/article-10",
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    },
    {
      "path": "part/3",
      "kind": "part",
      "number": "3",
      "heading": "Circumstances in which UK deposit-takers are not ring-fenced bodies",
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    },
    {
      "path": "article/11",
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      "number": "11",
      "heading": "Circumstances in which UK deposit-takers are not ring-fenced bodies",
      "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014/article-11",
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    },
    {
      "path": "article/12",
      "kind": "article",
      "number": "12",
      "heading": "Core deposit level condition",
      "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014/article-12",
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    {
      "path": "article/13",
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      "heading": "Deposits excluded from determination of core deposit level",
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    },
    {
      "path": "article/14",
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      "heading": "Rules about information to be provided by a non ring-fenced body to individual account-holders",
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