Schedule 11, Part 5, paragraph 38(2)

An instrument of control is an instrument that makes any of the following provision — provision transferring any voting rights exercisable by shareholders of the CCP or, if the CCP is an unincorporated association, members of the CCP to the Bank for a specified period; provision transferring specified powers, rights, duties or liabilities of the directors or senior managers of the CCP to the Bank for a specified period.

← 1 · All articles · 3 →

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