BKLM323400 - Chargeable equity and liabilities: relevant entities and groups: relevant non-banking groups: Type D equity and liabilities

Paragraph 19(17) of Schedule 19

Only the UK allocated equity and liabilities are aggregated in the case of UK branches.

Type D equity and liabilities arise where the relevant non-banking group has a relevant foreign bank (see BKLM245000).

A relevant foreign bank is a foreign company, which meets the conditions for being a bank (see BKLM243000) and which trades in the UK through a permanent establishment (a branch).

The Type D equity and liabilities are the chargeable equity and liabilities that are allocated to the UK branch which is not a member of a relevant UK banking sub-group but which is a member of the relevant non-banking group.

The rules for determining the chargeable equity and liabilities of a branch are set out at BKLM370000.