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)A group or entity which ceases to be a “participating” group or entity in accordance with subsection (3) becomes a “participating” group or entity again if it gives a further written notice of the kind mentioned in subsection (2) (subject to what follows).
(5)Subsections (6) and (7) apply if a group or entity is named in a report under section 285 under subsection (2) of that section.
(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.