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HMRC internal manual

Bank Levy Manual

From
HM Revenue & Customs
Updated
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Relevant entities and groups: banking groups: UK resident bank: the wider banking condition

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

The wider banking condition is designed to exclude those entities that have permissions to carry out a wide range of regulated activities but where the scale of those activities are either

  • narrow in range, or
  • more wide-ranging but overall are relatively small.

The wider banking condition has three parts, all of which need to be met.

The first part concerns the entity’s regulatory status and the scale of its activities - see BKLM243130.

The second part concerns the company’s activities and the third part concerns the company’s trade - see BKLM243140.