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Contents

Official guidance
Banking Manual

BKM503000 · The Code commitments – governance

  • BKM503100 · Introduction
  • BKM503200 · Governance
  • BKM503300 · For a small bank
  • BKM503400 · Application to overseas entities
  • BKM503500 · Comply fully with all tax obligations
  • BKM503600 · Application of the Code to actions taken by regulators
  1. The Code commitments – governance: contents
  2. The Code commitments – governance: application of the Code to actions taken by regulators

BKM503600 | The Code commitments – governance: application of the Code to actions taken by regulators

From HM Revenue & Customs · Banking Manual

Failures in governance, resulting in regulatory fines for example, would not constitute a breach for Code purposes unless the failure was linked to the tax affairs of the bank and indicated that the bank was unable to comply with its tax obligations in a material way (part 1 of the Code).

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