66(1)This paragraph applies where the Bank has made a resolution instrument.
(2)The Bank may make one or more property transfer instruments in respect of property, rights or liabilities of the CCP.
(3)Paragraph 17 does not apply to a property transfer instrument under sub-paragraph (2).
(4)Before making a property transfer instrument under sub-paragraph (2) the Bank must consult—
(a)if the CCP is a PRA-authorised person, the PRA,
(b)the FCA, and
(c)the Treasury.
Commencement Information
I1Sch. 11 para. 66 not in force at Royal Assent, see s. 86(3)
I2Sch. 11 para. 66 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)