Relevant entities and groups: banking groups: groups covered by the bank levy
Part 3 of Schedule 19
Part 3 outlines the relevant groups that the bank levy covers. A relevant group is one of the following:
Paragraph 8 of Schedule 19
A UK banking group, where the group is a banking group as defined in Paragraph 12 (see BKLM242000) and has a UK resident parent entity.
Paragraph 9 of Schedule 19
A building society group, where the parent entity is a building society (see BKLM244000).
Paragraph 10 of Schedule 19
A foreign banking group, where the group is a banking group as defined in paragraph 12 (see BKLM242000) and the parent entity is a non-UK resident entity.
Paragraph 11 of Schedule 19
A relevant non-banking group, where the members of the group include at least one UK resident bank (see BKLM243000) or relevant foreign bank (see BKLM245000) and the group is neither a banking group nor a building society group.
Paragraph 12 of Schedule 19
Paragraph 12 requires various conditions to be met for a group to be a banking group and these are outlined at BKLM242000 onwards.