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ring-fencing fees group

    165a banking group, or part of a banking group, which (i) has submitted forecasts to the PRA indicating that, from 1 January 2019, it will not meet the core deposit level condition in article 12 of the FSMA (Ring-fenced Bodies and Core Activities) Order 2014 171and (ii) has been171 notified by the FCA between 1711 May 2016 and 1 May 2017 171that a fee relating to the implementation of ring-fencing will 171be payable by one or more members of its group.