SCHEDULES

SCHEDULE 11Central counterparties

PART 5Special resolution action

Share transfer instrument

41

(1)

A share transfer instrument is for purposes of this Schedule an instrument which—

(a)

provides for securities issued by a specified CCP to be transferred;

(b)

makes other provision for the purposes of, or in connection with, the transfer of securities issued by a specified CCP (whether or not the transfer has been or is to be effected by that instrument, by another share transfer instrument or otherwise).

(2)

A share transfer instrument may relate to—

(a)

specified securities, or

(b)

securities of a specified description.