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SCHEDULES

SCHEDULE 11U.K.Central counterparties

PART 5U.K.Special resolution action

Transfer of ownershipU.K.

30(1)The third stabilisation option is to transfer ownership of the CCP to any person other than a bridge central counterparty or a commercial purchaser.

(2)For that purpose the Bank may make one or more share transfer instruments.

Commencement Information

I1Sch. 11 para. 30 not in force at Royal Assent, see s. 86(3)

I2Sch. 11 para. 30 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)