# The Financial Services and Markets Act 2000 (Ring-fenced Bodies and Core Activities) Order 2014, Article 8: Meaning of qualifying group member


(1) An organisation is a qualifying group member in relation to a UK deposit-taker if that organisation has provided to that UK deposit-taker a declaration in accordance with paragraph (2) (a “qualifying group member declaration”).
(2) A qualifying group member declaration must—
(a) contain a statement that the organisation giving the declaration is a member of the same group as a qualifying organisation (the “relevant qualifying organisation”); and
(b) be either—
(i) accompanied by a declaration (a “supporting declaration”) which complies with paragraph (3), or
(ii) accepted by the UK deposit-taker to which the declaration is given without being accompanied by a supporting declaration, in accordance with paragraph (4).
(3) In relation to a qualifying group member declaration, a supporting declaration must consist of a qualifying organisation declaration for the relevant qualifying organisation which—
(a) has previously been provided to a UK deposit-taker (other than the UK deposit-taker to which the qualifying group member declaration is being given); or
(b) will accompany the qualifying group member declaration when that qualifying group member declaration is provided to the UK deposit-taker concerned.
(4) A UK deposit-taker may accept a qualifying group member declaration without a supporting declaration if, at the date on which it receives that qualifying group member declaration, it has previously received a qualifying organisation declaration for the relevant qualifying organisation.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111117118/article/8 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014/article-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.