Schedule 11, Part 5, paragraph 66

This paragraph applies where the Bank has made a resolution instrument. The Bank may make one or more property transfer instruments in respect of property, rights or liabilities of the CCP. Paragraph 17 does not apply to a property transfer instrument under sub-paragraph (2). Before making a property transfer instrument under sub-paragraph (2) the Bank must consult— if the CCP is a PRA-authorised person, the PRA, the FCA, and the Treasury.

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