Part 3: Banking Section 18: Banking companies: expenses relating to compensation Details of the section Section 133F
New section 133F lists the circumstances where a company is to be treated as an "excluded company" for the purpose of new section 133E. This list excludes specific businesses which are not intended to be within the scope of the definition of a bank.
	Subsection (1) explains the section.
	Subsection (2) provides a list of companies which are excluded companies, including insurance companies, friendly societies and credit unions.
	Subsections (3) to (7) set out further definitional and interpretative provisions including for how the definitions are to be interpreted at different times.