Section 139

The Bank may decide, after consulting the regulator, that a group entity, other than a group institution, set up in the United Kingdom should be required to maintain a minimum requirement for own funds and eligible liabilities .... Where the Bank makes a such decision, articles 134 , 135 and 138 apply for the purpose of determining and reviewing the requirement and ensuring that the requirement is maintained and met, but have effect for that purpose as if each reference to an institution ... included a reference to the group entity for which the requirement is being (or has been) determined. In this article “the regulator”— where there is a PRA-authorised person and any other UK authorised person in the relevant group, means the PRA and the FCA; where there is a PRA-authorised person and no other UK authorised person in the relevant group, means the PRA; where there is no PRA-authorised person in the relevant group, means the FCA.

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Source: legislation.gov.uk · retrieved 2026-09-04