Schedule 11, Part 5, paragraph 99(7)

A person may exercise a termination right under a contract before the expiry of the suspension if that person is given notice by the Bank that the rights and liabilities of the CCP under resolution covered by the contract are not— to be transferred to another undertaking through the exercise of a stabilisation power, or to be made subject to a share transfer instrument, property transfer instrument, resolution instrument or third-country instrument.

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