The British lender was forced to resubmit its 20-F accounts after it discovered in March it had sold more than $15 billion of complex securities than it had permission to sell.

The buy-back, which was put on hold pending the new submission, will commence on Tuesday and end no later than September 30.

Barclays has instructed JP Morgan Securities to conduct the buy-back.

(Reporting By Sinead Cruise, editing by Huw Jones)