PART 6Other provisions
Code of Practice on Taxation for Banks
286The Code of Practice on Taxation for Banks: “participating” groups or entities
1
This section applies for the purposes of section 285.
2
A group or entity becomes a “participating” group or entity if, on or after 31 May 2013, it notifies the Commissioners in writing that it is unconditionally committed to complying with the Code.
3
A group or entity ceases to be a “participating” group or entity if it notifies the Commissioners in writing that it is no longer unconditionally committed to complying with the Code.
4
5
6
If the group or entity is a “participating” group or entity immediately before the publication of the report, it ceases to be so on the publication of the report.
7
In any case, the group or entity cannot be a “participating” group or entity after the publication of the report unless and until—
a
it gives the Commissioners a further written notice of the kind mentioned in subsection (2), and
b
the Commissioners are satisfied that it is unconditionally committed to complying with the Code.