Regulation 20 Finance Act 2011I1

United Kingdom

(1)

Part 5 of the Finance Act 2011^f1 (bank levy) is amended by paragraph (2) and Part 7 of that Act (data-gathering) is amended by paragraph (3).

(2)

In Schedule 19—

(a)

in paragraph 13(4) for the definition of “dealing on own account” substitute —

“dealing on own account” has the same meaning as in Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments (see Article 2.1(5))^f2;”;

(b)

in paragraph 31(4)^f3 before paragraph (a) insert—

“(za)
they are debt securities issued by the Bank of England, Her Majesty’s Government in the United Kingdom, or the government of Gibraltar,”;

(c)

in paragraph 67A(4)^f4 for “and” substitute “to”.

(3)

In Schedule 23—

(a)

in paragraph 13D(3)^f5—

(i)

omit “, or” at the end of paragraph (a);

(ii)

omit paragraph (b);

(b)

in paragraph 45(4)(a)^f6 omit “, other than the United Kingdom,”.

Annotations

Commencement

I1: Reg. 20 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1

Footnotes

f1: 2011 c. 11.
f2: Regulation (EU) No 600/2014 is amended by S.I. 2018/1403 with effect from exit day.
f3: Paragraph 31(4) was substituted by S.I. 2016/874.
f4: Paragraph 67A was inserted by paragraph 11(2) of Schedule 34 to the Finance Act 2012 (c.14).
f5: Paragraph 13D was inserted by section 69 of the Finance (No. 2) Act 2017.
f6: Paragraph 45(4)(a) was amended by S.I. 2012/3062.