Schedule 11, Part 5, paragraph 93(2)

The Bank may— cancel a contract or other arrangement between the transferred CCP and a former group company or a third party; modify the terms of a contract or other arrangement between the transferred CCP and a former group company or a third party; confer and impose rights and obligations on a former group company or a third party and the transferred CCP, which has effect as if created by contract between them.

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