# The Competition Act 1998 (Determination of Turnover for Penalties) Order 2000, Paragraph 5: Credit institutions and financial institutions

Extent: E+W+S+N.I.

The applicable turnover of a credit institution or financial institution shall be limited to the sum of the following income items listed in Council Directive (EEC) 86/635 received by ... that institution ... after deduction of value added tax and other taxes directly related to those items:
(i) interest income and similar income;
(ii) income from securities:
income from shares and other variable yield securities;
income from participating interests;
income from shares in affiliated undertakings;
(iii) commissions receivable;
(iv) net profit on financial operations;
(v) other operating income.

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Source: https://www.legislation.gov.uk/uksi/2000/309/schedule/paragraph/5 (the official version)
Page: https://openlegislation.uk/competition-act-1998-determination-of-turnover-for-penalties-order-2000/schedule/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.