Section 155(5)

The amount of the authorised share capital must not be less than the sum of the following amounts— the amount by which the Bank has assessed that Common Equity Tier 1 instruments must be reduced and relevant capital instruments must be written down or converted pursuant to section 6B, 12AA, 48Y or 81AA of the Banking Act 2009; and the aggregate amount assessed by the Bank pursuant to section 6E or 48X of that Act.

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