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

SCHEDULES

SCHEDULE 26The bank levy: miscellaneous changes

High quality liquid assets etc

4In paragraph 19 (chargeable equity and liabilities of non-banking groups)—

(a)in sub-paragraph (6)(c), for “finally,” substitute “finally (subject to sub-paragraph (16))”,

(b)in sub-paragraph (12)(c), for “finally,” substitute “finally (subject to sub-paragraph (16))”, and

(c)for sub-paragraph (16) substitute—

(16)Where an amount (“A”) within sub-paragraph (6)(c) or (12)(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.