{
  "url": "https://openlegislation.uk/enterprise-act-2002-merger-fees-and-determination-of-turnover-order-2003/schedule/paragraph-11",
  "json_url": "https://openlegislation.uk/enterprise-act-2002-merger-fees-and-determination-of-turnover-order-2003/schedule/paragraph-11.json",
  "legislation": "uksi/2003/1370",
  "legislation_title": "The Enterprise Act 2002 (Merger Fees and Determination of Turnover) Order 2003",
  "legislation_url": "https://openlegislation.uk/enterprise-act-2002-merger-fees-and-determination-of-turnover-order-2003",
  "path": "schedule/paragraph/11",
  "kind": "paragraph",
  "number": "11",
  "heading": "Credit institutions and financial institutions",
  "text": "The applicable turnover of an enterprise which is a credit institution or financial institution shall be limited to the sum of the following income as defined in Council Directive (EEC) 86/635 received by the branch or division of that institution established in the United Kingdom after deduction of value added tax and other taxes directly related to those items:\n(a) interest income and similar income;\n(b) income from securities:\nincome from shares and other variable yield securities;\nincome from participating interests;\nincome from shares in affiliated undertakings;\n(c) commissions receivable;\n(d) net profit on financial operations;\n(e) other operating income.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. para. 11 in force at 20.6.2003, see art. 1"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "OJ No. L372, 31.12.86, p. 1."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2003/1370/schedule/paragraph/11",
    "retrieved_at": "2026-10-29T06:23:41.640411+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}