Schedule 17A, Part 2, paragraph 28(2)

That power is exercisable if the Bank is satisfied that a recognised clearing house , a recognised CSD or a critical third party has contravened a relevant requirement, or been knowingly concerned in the contravention of a relevant requirement, and— that profits have accrued to the recognised clearing house , the recognised CSD or the critical third party as a result of the contravention; or that one or more persons have suffered loss or been otherwise adversely affected as a result of the contravention.

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Source: legislation.gov.uk · retrieved 2026-09-04