Schedule 11, Part 4, paragraph 7(1)
FSMA 2023
Financial Services and Markets Act 2023 · United Kingdom
The condition in this sub-paragraph is met if— there is a significant deterioration in the financial situation of the CCP, or there is a serious infringement by the CCP of— a relevant requirement, or its rules.
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Source: legislation.gov.uk · retrieved 2026-09-04