No, level 2 qualifications are not equivalent to an A level. Level 3 qualifications are considered the equivalent to an A level.
I have one currently.... I work in a job where the UK regulation for the industry still requires any manager to hold a fairly basic UK certificate for the sector, it's described as "Level 3 (job description) Manager" and that's equivalent to A level. It takes two weeks in a classroom, has an exam, and costs about 4 grand to study. The next one down is described as "Level 2 (job description) Supervisor". That's a 1 week course. There is also a level one, it's called "Level one (job description) operative / agent", and that's a 3 day course - so level 2 isn't quite entry level.
I do have 3 proper "2 year" A levels (Geography, Geology and Economics) earned in 1990, before anyone pokes fun. So there.

And my GM and Director hold no qualifications in the role, but they're not in the UK so the regulation doesn't apply to them. It's a UK box ticking exercise.