Valid from 31/12/2023
147(1)Paragraph 47 (incidental provision) applies to a third-country instrument as it applies to a share transfer instrument.
(2)Paragraph 48 (procedure: instruments) applies to a third-country instrument as it applies to a share transfer instrument, except that references in that paragraph to the CCP are to be read as references to the third-country central counterparty to which the third-country instrument relates.
(3)Paragraph 109 (international obligation notice: general) applies in relation to the making of a third-country instrument under paragraph 145 or 146 as it applies in relation to the exercise of a stabilisation power, except that—
(a)for the purposes of paragraph 109(3), paragraph 15 is to be read subject to the modification in paragraph 146(6), and
(b)in sub-paragraph (4), the reference to a CCP is to be read as a reference to a third-country central counterparty in respect of which a third-country instrument is made.
(4)Paragraph 110 (international obligation notice: bridge central counterparty) applies where the Bank has, by virtue of paragraph 146, transferred all or part of the business of a third-country central counterparty to a bridge central counterparty as it applies where the Bank has transferred all or part of the business of a CCP to a bridge central counterparty.
(5)Paragraph 145(6) applies for the purposes of this paragraph.
Commencement Information
I1Sch. 11 para. 147 not in force at Royal Assent, see s. 86(3)