BKLM242050 - 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:

• Condition A - see BKLM242100
• Condition B - see BKLM242200
• Condition C - see BKLM242300
• Condition D - see BKLM242400

and

• the group does not meet the ‘exempt activities condition’ - see BKLM242600.