PART 2Amendments to primary legislation

Finance Act 2011I120

1

Part 5 of the Finance Act 201194 (bank levy) is amended by paragraph (2) and Part 7 of that Act (data-gathering) is amended by paragraph (3).

2

In Schedule 19—

a

in paragraph 13(4) for the definition of “dealing on own account” substitute —

  • dealing on own account” has the same meaning as in Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments (see Article 2.1(5))95;

b

in paragraph 31(4)96 before paragraph (a) insert—

za

they are debt securities issued by the Bank of England, Her Majesty’s Government in the United Kingdom, or the government of Gibraltar,

c

in paragraph 67A(4)97 for “and” substitute “to”.

3

In Schedule 23—

a

in paragraph 13D(3)98—

i

omit “, or” at the end of paragraph (a);

ii

omit paragraph (b);

b

in paragraph 45(4)(a)99 omit “, other than the United Kingdom,”.