# Bank of England Act 1998, Paragraph 3: “Levy year”


(1) For the purposes of this Schedule, a “levy year” is—
(a) the period of 12 months beginning on such day as the Bank may determine, and
(b) each subsequent period of 12 months.
(2) The day determined under sub-paragraph (1)(a) may not be before the day on which the Financial Services and Markets Act 2023 is passed.

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Source: https://www.legislation.gov.uk/ukpga/1998/11/schedule/2ZA/paragraph/3 (the official version)
Page: https://openlegislation.uk/bank-of-england-act-1998/schedule-2ZA/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.