SCHEDULES
SCHEDULE 26The bank levy: miscellaneous changes
4High quality liquid assets etc
In 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.