UK Statutory Instrument SI 2024/252 United Kingdom

The Bank of England Levy (Amount of Levy Payable) Regulations 2024

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.005 Review Regulated
Other duties (1) — Crown / regulator
  • Treasury must review Bank of England Levy Regulations and publish reportCrown / Minister / Government department
29 other provisions — procedural and definitional
sch. para. 10 (1) The amount of the eligible institution’s liabilities to make...
sch. para. 21 Liabilities in respect of sterling deposits
sch. para. 22 Liabilities and claims in respect of retransfer agreements
sch. para. 6 (1) For the purpose of determining the eligible liabilities of...
sch. para. 8 The amount of the eligible institution’s liabilities that are sterling...
s.001 Citation, commencement and extent
s.001 In this Schedule— “credit items in the course of transmission”,... (opens in a new tab)
s.002 Interpretation
s.002 In paragraph 1, in the definitions of “non-resident banking subsidiary”... (opens in a new tab)
s.003 Calculation of the amount of the levy that is payable
s.003 In this Schedule, in relation to an eligible institution which... (opens in a new tab)
s.004 Eligible liabilities
s.004 (1) In this Schedule, references to liabilities in respect of... (opens in a new tab)
s.005 In this Schedule, references to certificates of deposit— (opens in a new tab)
s.006 Transitional provision for use of information
s.007 For the purpose of determining the eligible liabilities of an... (opens in a new tab)
s.009 The amount of the eligible institution’s liabilities that are certificates... (opens in a new tab)
s.011 The amount of all sterling items in suspense held by... (opens in a new tab)
s.012 60% of the amount of sterling credit items in the... (opens in a new tab)
s.013 (1) The amount by which the total liabilities of the... (opens in a new tab)
s.014 (1) The amount of any sterling deposits made by United... (opens in a new tab)
s.015 Sterling amounts payable to United Kingdom offices of the eligible... (opens in a new tab)
s.016 The amount of sterling cheques passed by United Kingdom offices... (opens in a new tab)
s.017 The amount of the eligible institution’s claims to receive payments... (opens in a new tab)
s.018 (1) The value of the preference shares, bonds, notes and... (opens in a new tab)
s.019 60% of the amount of sterling debit items in the... (opens in a new tab)
s.020 The amount by which the eligible institution’s sterling deposit liabilities... (opens in a new tab)
s.023 Holdings of securities (opens in a new tab)
s.024 Avoidance of double-counting (opens in a new tab)

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.