(1) For the purpose of determining the average core deposit total for a UK deposit-taker the quarterly totals referred to in article 12(3) do not include deposits if -
(a) the deposits concerned are held by the UK deposit-taker as a result of the transfer to it of all or part of the business of another institution, other than by way of an excluded transfer; and
(b) not more than four years have passed since the date of completion of that transfer.
(2) For the purpose of calculating the sum referred to in article 12(1)(b) the average core deposit total for a UK deposit-taker is not included if -
(a) the relevant UK deposit-taker (the "target institution") became a member of the group concerned as a result of another member of that group (the "acquiring institution") acquiring securities issued by the target institution;
(b) at the date of that acquisition the target institution was not a ring-fenced body;
(c) that acquisition would, but for the provisions of this paragraph, have resulte
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