Section 48B(14)

For the purposes of subsection (12)— “core business lines” means business lines and associated services which represent material sources of revenue, profit or franchise value for the bank or a group which includes the bank (or in the case of an instrument made in relation to a resolution company, of the resolution company); “protected deposit” has the meaning given by section 48C, and “micro, small and medium-sized enterprises” means micro, small and medium-sized enterprises as defined with regard to the annual turnover criterion referred to in Article 2(1) of the Annex to Commission Recommendation 2003/361/EC.

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Source: legislation.gov.uk · retrieved 2026-09-04