Schedule 11, Part 5, paragraph 53(4)

The Bank must not make a bridge central counterparty reverse share transfer instrument unless— the transferee under the original instrument is— a company wholly owned by the Bank, a company wholly owned by the Treasury, or a nominee of the Treasury, or the bridge central counterparty reverse share transfer instrument is made with the written consent of the transferee under the original instrument.

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