Schedule 11, Part 5, paragraph 21(2)

Where the Bank has exercised the third stabilisation option (transfer of ownership) in respect of a CCP it may only exercise the relevant resolution powers in respect of the CCP where the transferee under paragraph 30 is— the Bank, a company wholly owned by the Bank or the Treasury, or a nominee of the Treasury.

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