The Bank of England Levy (Amount of Levy Payable) Regulations 2024

Schedule 2ZA to the Bank of England Act 1998 (c. 11) makes provision for the Bank of England to impose a charge, known as the Bank of England levy (“the levy”) on eligible institutions to fund its policy functions in relation to a levy year. An eligible institution is an “authorised deposit-taker” as defined in paragraph 2 of that Schedule. The policy functions that may be covered by the levy are set out in paragraph 4(3) of that Schedule and the levy year will be determined by the Bank under paragraph 3 of that Schedule.