SCHEDULES
SCHEDULE 11Central counterparties
PART 5Special resolution action
I1I2116Transfer of ownership: report
1
This paragraph applies where the Bank makes one or more share transfer instruments in respect of a CCP under paragraph 30(2).
2
The Bank must report to the Chancellor of the Exchequer about the exercise of the power to make share transfer instruments under that paragraph.
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 30(2).