# Finance Act 2018, Paragraph 13


(1) Paragraph 54 is amended in accordance with this paragraph.
(2) In sub-paragraph (5)(c)—
(a) in sub-paragraph (i), for “chargeable equity and liabilities” substitute “ UK-based equity and liabilities or UK-allocated equity and liabilities ”;
(b) in sub-paragraph (ii)—
(i) for “chargeable equity and liabilities” substitute “ UK-based equity and liabilities or UK-allocated equity and liabilities ”;
(ii) for “relevant UK sub-group or a relevant UK banking sub-group (as the case may be)” substitute “ UK sub-group ”.
(3) In sub-paragraph (6)—
(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.”

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Source: https://www.legislation.gov.uk/ukpga/2018/3/schedule/9/paragraph/13 (the official version)
Page: https://openlegislation.uk/finance-act-2018/schedule-9/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.