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

Amounts to be included when calculating eligible liabilities

8.  The amount of the eligible institution’s liabilities that are sterling deposits made with United Kingdom offices of the eligible institution except for any of the following—

(a) deposits evidenced by an instrument falling within paragraph 9;

(b) deposits made by the Bank;

(c) over two year deposits.

9.  The amount of the eligible institution’s liabilities that are certificates of deposit, commercial paper, bonds, notes and other similar instruments which are denominated in sterling and issued by United Kingdom offices of the eligible institution on terms requiring repayment not later than five years from the date of issue.

10.—(1) The amount of the eligible institution’s liabilities to make payments in sterling under retransfer agreements entered into by United Kingdom offices of the eligible institutions—

(a) for the purchase of securities or other assets, or

(b) in return for the transfer to the eligible institution of securities or other assets.

(2) Sub-paragraph (1) does not include retransfer agreements entered into with the Bank.

11.  The amount of all sterling items in suspense held by United Kingdom offices of the eligible institution.

12.  60% of the amount of sterling credit items in the course of transmission by United Kingdom offices of the eligible institution to any of the following—

(a) the Bank;

(b) any other United Kingdom office of the eligible institution;

(c) a United Kingdom office of any other eligible institution.

13.—(1) The amount by which the total liabilities of the United Kingdom offices of the eligible institution denominated in currencies other than sterling exceed the total assets of those offices denominated in such currencies.

(2) In sub-paragraph (1) the total liabilities and the total assets are the total liabilities and total assets as reported to the Bank.