# Finance Act 2018, Paragraph 24


In paragraph 13 (definition of “banking group”: exempt activities condition)—
(a) in sub-paragraph (2)(b)(i), for “the applicable accounting standards” substitute “ international accounting standards ”,
(b) in sub-paragraph (4), omit the definition of “the applicable accounting standards”, and
(c) in sub-paragraph (4), in the definition of “net-basis activities”, for “the applicable accounting standards” substitute “ international accounting standards ”.

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Source: https://www.legislation.gov.uk/ukpga/2018/3/schedule/9/paragraph/24 (the official version)
Page: https://openlegislation.uk/finance-act-2018/schedule-9/paragraph-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.