363. Meaning of 'ring-fenced body'.
363. Meaning of 'ring-fenced body'.
Financial Services Regulation (Volume 50 (2022), paras 1–589; Volume 50A (2022), paras 590–1072) | Commentary(iii) Ring-fencing
In the Financial Services and Markets Act 2000 'ring-fenced body' means a UK institution1 which carries on one or more core activities2
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