BKLM242500 - 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.