BANK 1.3.2 Deposit-taker

(1) An authorised firm is a deposit-taker if it is authorised to conduct either or both of the regulated activities of deposit taking and providing credit facilities.
(2) A firm is a deposit-taker even if it is also authorised to conduct any other regulated activity or activity. The authorisation for deposit taking or providing credit facilities makes the firm a deposit-taker.
Amended by QFCRA RM/2015-3 (as from 1st January 2016).