Schedule 11, Part 9, paragraph 157(2)
For the purpose of sub-paragraph (1)(a) expenditure is incurred in respect of financial assistance in respect of CCPs if it is incurred in respect of an activity, transaction or arrangement, or class of activity, transaction or arrangement, which is expected to facilitate any part of the business of one or more CCPs; and for that purpose it does not matter— whether or not that is the sole or principal expected effect of the activity, transaction or arrangement, or whether the sole or principal motive for the activity, transaction or arrangement is— its effect on CCPs, its effect on the economy as a whole, its effect on a particular industry or sector of the economy, or its effect on clearing members of CCPs.
← 1 · All articles · 3 →
Source: legislation.gov.uk · retrieved 2026-09-04