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SCHEDULE 9E+W+S+N.I.Bank levy

PART 1 E+W+S+N.I.Chargeable equity and liabilities

Consequential amendmentsE+W+S+N.I.

14(1)Paragraph 70 is amended in accordance with this paragraph.E+W+S+N.I.

(2)After the definition of “contract of insurance” insert—

“designated FPE entity” is defined in paragraph 15F(2);.

(3)After the definition of “entity” insert—

“entity-by-entity election” is defined in paragraph 15L(1);.

(4)After the definition of “long term” insert—

“non-UK allocated equity and liabilities” is defined in paragraph 15Z1;.

(5)After the definition of “relevant regulated activity” insert—

“residual UK-sub-group” is defined in paragraph 15K(2);.

(6)After the definition of “UK allocated equity and liabilities” insert—

“UK-based equity and liabilities”—

(a)in relation to a UK resident entity, other than a designated FPE entity, is defined in paragraph 15H,

(b)in relation to a designated FPE entity (other than a member of a UK sub-group) is defined in paragraphs 15I and 15Z1, and

(c)in relation to a UK sub-group, is defined in paragraphs 15J, 15K and 15L;.

(7)In the definition of “UK sub-group” for “paragraph 17(4)” substitute “ paragraph 15B ”.

(8)Omit the definitions of—

(a)“relevant UK banking sub-group”,

(b)“relevant UK sub-group”, and

(c)“UK banking sub-group”.