xmlns:atom="http://www.w3.org/2005/Atom"

SCHEDULES

SCHEDULE 26The bank levy: miscellaneous changes

High quality liquid assets etc

2In paragraph 15 (chargeable equity and liabilities of a UK banking group or a building society group)—

(a)in sub-paragraph (2)(c), for “finally,” substitute “finally (subject to sub-paragraph (6))”, and

(b)for sub-paragraph (6) substitute—

(6)Where any amount (“A”) within sub-paragraph (2)(c) is used to reduce short term liabilities, the amount of the reduction is determined as if A were an amount equal to half of A.