Schedule 11, Part 5, paragraph 38(3)

Provision made under sub-paragraph (2) may for example include— provision for exemptions or applying modifications in relation to any powers, rights, duties or liabilities transferred; provision for the Bank to exercise such powers, rights, duties or liabilities under the CCP’s rules as may be specified in the instrument; provision for the Bank to exercise such powers, rights, duties or liabilities in relation to any contracts that the CCP is a party to as may be specified in the instrument.

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