Resolution instruments: reportU.K.
115(1)This paragraph applies where the Bank makes one or more resolution instruments in respect of a CCP.
(2)The Bank must, on request by the Treasury, report to the Chancellor of the Exchequer about—
(a)the exercise of the power to make the resolution instrument, and
(b)any other matters in relation to the CCP that the Treasury may specify.
(3)In relation to the matter specified in sub-paragraph (2)(a), the report must comply with any requirements that the Treasury may specify.
(4)The Chancellor of the Exchequer must lay a copy of each report under sub-paragraph (2) before Parliament.
Commencement Information
I1Sch. 11 para. 115 not in force at Royal Assent, see s. 86(3)
I2Sch. 11 para. 115 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)