In paragraph 70 of Schedule 19 to FA 2011 (bank levy: definitions), in sub-paragraph (1), in the definition of "high quality liquid asset" for "section 12.7.2(1) to (4)" substitute "section 12.7 (assets that are eligible for inclusion in a firm's regulatory liquid assets buffer)'.
The amendment made by this section has effect in relation to chargeable periods ending on or after 1 January 2011, and in relation to those chargeable periods the amendment is to be treated as always having had effect.