Regulation 2 Application of these Regulations
These Regulations apply where—
(a)
the bank levy is charged in relation to—
(i)
the relevant group which is a foreign banking group or a relevant non-banking group, or
(ii)
the relevant entity which is a relevant foreign bank,
(b)
an equivalent foreign levy is imposed on that relevant group or relevant entity by the law of a foreign territory, and
(c)
the equivalent foreign levy is specified in regulation 3.