Schedule 11, Part 5, paragraph 29(8)

The Bank may extend (or further extend) the relevant post-transfer period by one year if it is satisfied that the extension— would support one or more of the outcomes mentioned in sub-paragraph (5)(a) or (6)(a), (b) or (c), or is necessary to ensure the continuity of critical clearing services.

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