Schedule 11, Part 5, paragraph 28(5)

In particular sub-paragraph (1) does not apply if the Bank considers that— there is a material threat to financial stability in the United Kingdom arising from or aggravated by the failure or likely failure of the CCP, and complying with sub-paragraph (1) would undermine the effectiveness of the first stabilisation option in addressing that threat or achieving the objective in paragraph 15(4).

← 4 · All articles · 29 →

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