Schedule 11, Part 5, paragraph 98(1)
FSMA 2023
Financial Services and Markets Act 2023 · United Kingdom
Where the Bank is exercising a stabilisation power in respect of a CCP (a “CCP under resolution”) the Bank may suspend the rights of a secured creditor of the CCP to enforce any security interest the creditor has in relation to any assets of the CCP.
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Source: legislation.gov.uk · retrieved 2026-09-04