Relevant entities and groups: members of banking partnerships
Paragraph 80(2) and 78(2) of Schedule 19
A company may also be a UK resident bank or a relevant foreign bank, if it is a member of a partnership which meets certain conditions.
Paragraph 70(1) of Schedule 19
For bank levy purposes, ‘partnership’ includes:
- a limited liability partnership, and
- an entity established under the law of a territory outside the United Kingdom of a similar character to a partnership. See INTM180030 (external users can find the guidance at ).
‘Member’, in relation to a partnership, has a correspondingly broad meaning.