The Bank Levy (Loss Absorbing Instruments) Regulations 2020
These Regulations provide for the circumstances in which loss absorbing instruments issued by overseas subsidiaries of UK resident entities can be deducted from equities and liabilities otherwise chargeable to the bank levy.
Lifecycle
Department
Made
29 Oct 2020
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In force
22 Nov 2020
Enabling power
The Treasury make the following Regulations in exercise of the powers conferred by paragraphs 15V(3)(b), 15V(4)(b), 15W(4)(b), 15W(7) and 15Y(2) of Schedule 19 to the Finance Act 2011.
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