http://www.legislation.gov.uk/id/ukpga/2018/3/schedule/9/enacted

SCHEDULES

SCHEDULE 9Bank levy

PART 2Miscellaneous amendments

24International accounting standards

In paragraph 13 (definition of “banking group”: exempt activities condition)—

a

in sub-paragraph (2)(b)(i), for “the applicable accounting standards” substitute “international accounting standards”,

b

in sub-paragraph (4), omit the definition of “the applicable accounting standards”, and

c

in sub-paragraph (4), in the definition of “net-basis activities”, for “the applicable accounting standards” substitute “international accounting standards”.