(1) In relation to a UK deposit-taker, accepting a deposit is a UK account or not a core activity unless the deposit is a core deposit.
(2) A deposit is a core deposit if it is held with the UK deposit-taker in an EEA account except where one or more of the account holders is -
(a) a relevant financial institution;
(b) a qualifying organisation;
(c) a qualifying group member;
(d) an eligible individual; or
(e) a person who is, or at any time within the previous six months has been, subject to financial sanctions.
(3) In this article -
(a) a reference to an account held with a UK deposit-taker is to an account provided by the institution as part of its activity of accepting deposits;
(b) an account is an EEA account if it was opened at a branch of the UK deposit-taker located in an EEA state;
(ba) an account is a UK account if it was opened at a branch of the UK deposit-taker located in the United Kingdom;
(c) "branch" means a place of business that forms a legally dependent part of the
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