Schedule 11, Part 2, paragraph 2(2)

The power conferred by sub-paragraph (1) includes (but is not limited to) a power to direct the CCP— to enter into or revise an agreement for the provision of services relating to the provision of critical clearing services; to limit its maximum individual and aggregate exposures to loss; to produce information which is relevant to the exercise of the stabilisation powers, and to provide that information to the Bank; to dispose of specified assets; to cease carrying out specified activities, or observe restrictions in relation to the carrying out of specified activities; to cease the development of new or existing business operations, or observe restrictions in relation to the development of such operations; to make specified changes to its recovery plan, rules or contractual arrangements; in order to ensure that it is possible for the performance of critical clearing services to be legally or operationally separated from the performance of other functions— to change its legal or operational structure, or so far as it is able to do so, to change the legal or operational structure of a subsidiary; to change its operational and financial arrangements so as to separate specified classes of assets from other specified classes of assets; to restrict netting sets in relation to specified classes of assets; to establish a parent company in the United Kingdom.

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