Schedule 11, Part 4, paragraph 5(2)

If the Bank imposes a requirement under sub-paragraph (1), the Bank may also require the CCP— to replace a director or senior manager who has been removed, and to take any step needed to give effect to the replacement, including, where necessary, calling a general meeting of the CCP’s shareholders or, if the CCP is an unincorporated association, its members.

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