Schedule 11, Part 5, paragraph 89(1)

In this paragraph— “residual CCP” means a CCP all or part of whose business has been transferred under a property transfer instrument in accordance with paragraph 27(2), 29(3), 66(2) or 73(2), “group company” means anything which is, or was immediately before the transfer, a group undertaking in relation to a residual CCP, “group undertaking” has the meaning given by section 1161(5) of the Companies Act 2006, “the transferred business” means the part of the CCP’s business that has been transferred, and “transferee” means a commercial purchaser or bridge central counterparty to whom all or part of the transferred business has been transferred.

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