(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.
(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.