Part 3: Banking Section 20: Definitions relating to banks Summary
This section amends a cross-reference and the definition of banking company used in Schedule 19, Finance Act (FA) 2011 (bank levy) and Part 7A Corporation Taxes Act (CTA) 2010 (banking companies) to maintain alignment with updated definitions used by the Prudential Regulatory Authority (PRA) and the Financial Conduct Authority (FCA). The amendments in relation to bank levy have effect from 1 January 2014 to align with updating of the regulatory terms by the PRA and FCA.