Relevant entities and groups: banking groups: conditions to be met to be a banking group: investment entity
Paragraph 12(9) of Schedule 19
An ‘investment entity’ for condition B (paragraph 12(3)) and condition D (paragraph 12(5)) is any entity:
- whose business consists wholly or mainly of making investments, and
- where the principal part of the entity’s income is derived from the making of investments.
This includes any savings bank or other bank for savings.