1. Without prejudice to other applicable capital requirements in accordance with national law, Member States shall require third-country branches to maintain at all times a minimum capital endowment that is at least equal to:

(a) for class 1 third-country branches, 2,5 % of the branch's average liabilities for the three immediately preceding annual reporting periods or, for newly authorised third-country branches, of the branch's liabilities at the time of authorisation, as reported in accordance with Sub-Section 4, subject to a minimum of EUR 10 million;

(b) for class 2 third-country branches, 0,5 % of the branch's average liabilities for the three immediately preceding annual reporting periods or, for newly authorised third-country branches, of the branch's liabilities at the time of authorisation, as reported in accordance with Sub-Section 4, subject to a minimum of EUR 5 million.

2. Third-country branches shall fulfil the minimum capital endowment requirement referred to in paragraph 1 with assets in the form of any of the following:

(a) cash, or cash assimilated instruments as defined in Article 4(1), point (60), of Regulation (EU) No 575/2013;