SCHEDULES

SCHEDULE 9Bank levy

PART 1Chargeable equity and liabilities

14Consequential amendments

1

Paragraph 70 is amended in accordance with this paragraph.

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”—

    1. a

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

    2. 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

    3. 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”.