Schedule 11, Part 5, paragraph 118

In paragraph 117 references to CCPs includes references to CCP group companies. Where the Bank exercises a stabilisation power in respect of a CCP group company in reliance on paragraph 117, the provisions relating to the stabilisation powers contained in this Schedule (except paragraphs 17 and 19) and any other enactment apply (with any necessary modifications) as if the CCP group company were a CCP.

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