Relevant entities and groups: banking groups: conditions to be met to be a banking group: criteria
Paragraph 12 of Schedule 19
This paragraph defines the criteria for a group to be a ‘banking group’ for the purposes of the bank levy.
Paragraph 12 provides that a group is a banking group where:
any one of four different conditions are satisfied:
- the group does not meet the ‘exempt activities condition’ - see BKLM242600.