Paragraph 11

(1)

Paragraph 47 is amended in accordance with this paragraph.

(2)

In sub-paragraph (11), for the words from “paragraph 16(1)(c) and (d)” to the end substitute “ paragraph 15S(1)(d) and (e), 15T(1)(e) and (f), 15Z3(1)(c) and (d), 25(1)(c) and (d), 27A(1)(d) and (e) or 27B(1)(d) and (e). ”

(3)

In sub-paragraph (14)—

(a)

in the words before paragraph (a), after “ “relevant member”” insert “ means ”;

(b)

for paragraphs (a) and (b) substitute—

“(a)
a chargeable UK resident entity which is a member of the relevant group;
(b)
a UK sub-group of the relevant group;
(c)
a relevant foreign bank which is a member of the relevant group.”