The Principal Act is amended -

(a) by the insertion of the following section after section 126AA:

"126AB. Further levy on certain financial institutions

(1) In this section -

‘assessable amount’ means an amount equal to the total value of relevant deposits held by a relevant person on 31 December in the base year;

‘base year’, in respect of the year 2024, means the year 2022;

‘deposit’ and ‘eligible deposit’ have the same meaning, respectively, as they have in the European Union (Deposit Guarantee Schemes) Regulations 2015 (S. I. No. 516 of 2015);

‘due date’, in relation to a year, means 20 October in that year;

‘relevant deposit’ means a deposit which -

(a) is held by a relevant person, and

(b) is an eligible deposit;

‘relevant person’ means -

(a) Allied Irish Banks plc;

(b) EBS DAC;

(c) permanent tsb plc;

(d) The Governor and Company of the Bank of Ireland.

(2) A relevant person shall, for the year 2024, not later than the due date, deliver to the Commissioners a statement showing the assessable amount.