On 29 February 2024, the Bank of England Levy (Amount of Levy Payable) Regulations 2024 were made and published on legislation.gov.uk. This statutory instrument (SI) makes provision for which eligible institutions will be liable to pay the Bank of England levy in respect of a levy year, and the proportion of the levy that each institution will pay by reference to their average eligible liability base.

The explanatory note to the SI provides further information on the changes made by the SI.

The SI comes into force on 1 March 2024.