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.”