Article 134 Duties of the Bank in relation to minimum requirement
The Bank must exercise the powers conferred by section 3A of the Banking Act 2009—
to ensure that a F1group institution is required at all times to maintain a minimum requirement; and
with the object of ensuring that at all times the institution meets the minimum requirement specified in a direction given for that purpose.
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Annotations
Textual amendments
- F1
Words in art. 134(1)(a) substituted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 3 para. 75(2); 2020 c. 1, Sch. 5 para. 1(1)
- F2
Art. 134(2)(3) omitted (31.12.2020) by virtue of The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 3 para. 75(3); 2020 c. 1, Sch. 5 para. 1(1)
Notes on the whole SI
Textual amendments
- F1
Order revoked (14.12.2023 for the revocation of art. 227) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(x)