Valid from 31/12/2023
Private sector purchaser: reportU.K.
This section has no associated Explanatory Notes
113(1)This paragraph applies where the Bank sells all or part of a CCP’s business to a commercial purchaser.
(2)The Bank must report to the Chancellor of the Exchequer about the exercise of the power to make share transfer instruments and property transfer instruments under paragraph 27(2).
(3)The report must comply with any requirements as to content specified by the Treasury.
(4)The report must be made as soon as is reasonably practicable after the end of one year beginning with the date of the first transfer instrument made under paragraph 27(2).
Commencement Information
I1Sch. 11 para. 113 not in force at Royal Assent, see s. 86(3)