# Finance Act 2011, Paragraph 15I


(1) This paragraph applies in relation to a designated FPE entity which is—
(a) where the bank levy is charged as provided for by paragraph 4 (groups), a chargeable UK resident entity;
(b) where the bank levy is charged as provided for by paragraph 5 (entities which are not members of groups), the relevant entity.
(2) To determine the UK-based equity and liabilities of the entity, as at the end of the chargeable period, take Steps 1 to 5 in paragraph 15Z1.

---
Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/19/paragraph/15I (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-19/paragraph-15I
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.