Regulation and Tax Domicile

Applicants are expected to be appropriately regulated, licensed and have the necessary
authorisations and permission to conduct activities consistent with their lending strategy. Applicants
must be able to demonstrate transparent and appropriate tax structures, in particular, the proposal
must be consistent with the requirements of British Business Bank plc’s group-wide tax policy, a copy
of which can be found on the BBB website at:
Applicants should also demonstrate appropriate ethical standards in relation to their proposed
lending activity, operations and general business activities.