# The Bank Recovery and Resolution (No. 2) Order 2014, Article 134: Duties of the Bank in relation to minimum requirement


(1) The Bank must exercise the powers conferred by section 3A of the Banking Act 2009—
(a) to ensure that a group 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) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/uksi/2014/3348/article/134 (the official version)
Page: https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/article-134
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.