Duties of the Bank in relation to minimum requirement
141.—(1) The Bank must exercise the powers conferred by section 3A of the Banking Act 2009—
(a)to ensure that a UK institution is required at all times to maintain a minimum requirement; and
(b)with the object of ensuring that at all times the institution meets the minimum requirement specified in a direction given for that purpose.
(2) The Bank must—
(a)make a provisional determination of the minimum requirement for each UK institution;
(b)give notice of that provisional determination to the group-level resolution authority and other resolution authorities for non-UK institutions;
(c)endeavour within the college to determine jointly with those authorities the minimum requirements for each UK institution and each non-UK institution.
(3) The Bank must inform EBA of the minimum requirement determined for each UK institution.