Section 6A

"The levy"

1

(1) The Bank may impose a charge on eligible institutions in accordance with this Schedule.

(2) The charge is to be known as the Bank of England levy (and is referred to in this Schedule as "the levy").

"Eligible institutions"

2

(1) For the purposes of this Schedule, an "eligible institution" is a person who, at any time during a levy year, is an authorised deposit-taker.

(2) An "authorised deposit-taker" for these purposes is a person who has permission under Part 4A of the Financial Services and Markets Act 2000 to accept deposits, other than -

(a) a credit union;

(b) a friendly society;

(c) a person who has such permission only in the course of effecting or carrying out contracts of insurance in accordance with that permission.

(3) In this paragraph -