(1) The FCA must make rules specifying the information a non ring-fenced body must provide at any specified time ("specified information") to -

(a) individuals who have applied to open a UK account or an EEA account for the purpose of making one or more deposits with that non ring-fenced body (including a joint account); and

(b) UK account holders or EEA account-holders of that non ring-fenced body who are individuals who use the account for the purpose of making one or more deposits.

(2) The specified information must include a description of -

(a) any excluded activity ["Excluded activity" is defined in section 142D of the Act. Section 142D was inserted into the Act by the Financial Services (Banking Reform) Act 2013 (c 33), section 4.] which the non ring-fenced body is carrying on; and

(b) any prohibited action which the non ring-fenced body has taken;

at the time at which rules made by the FCA under paragraph (1) specify the information must be provided.

(3) In this article -