Schedule 11, Part 5, paragraph 93(4)

The power under sub-paragraph (2)— may be exercised only in so far as the Bank thinks it necessary to ensure the provision of such services and facilities as are required to enable the transferred CCP to operate effectively, may be exercised by the Bank only with the consent of the Treasury, and must be exercised by way of provision in a share transfer instrument.

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