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HMRC internal manual

Bank Levy Manual

Relevant entities and groups: banking groups: UK resident bank: the deposit taker condition

Paragraph 80(1)(c)(i) and (d) of Schedule 19

The deposit-taker condition is that:

  • the entity’s activities include the relevant regulated activity (see BKLM243150) for the purposes of FISMA by virtue of article 5 (accepting deposits) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI2001/544), and
  • it carries on that regulated activity wholly or mainly in the course of trade.