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134.—(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) Where the relevant group includes a non-UK institution, 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 resolution authority for the non-UK institution;
(c)endeavour within the college to determine jointly with that resolution authority the minimum requirements for each UK institution and the non-UK institution.
(3) The Bank must inform EBA of the minimum requirement determined for each UK institution.
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