Schedule 11, Part 5, paragraph 60

A property transfer instrument made in respect of a CCP may make provision about the consequences of a transfer for membership of the CCP. In particular, an instrument may— make provision modifying the terms on which a person is a clearing member of a CCP; in a case where some, but not all, of the business of a CCP is transferred, provide for a person who was a clearing member of the transferor to remain a clearing member of the transferor while also becoming a clearing member of the transferee.

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