Duties of the Bank in relation to minimum requirementU.K.
This section has no associated Explanatory Memorandum
134.—(1) The Bank must exercise the powers conferred by section 3A of the Banking Act 2009—
(a)to ensure that a [F1group 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.
F2(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments