Valid from 31/12/2023
112(1)This paragraph applies where the Bank has transferred all or part of a CCP’s business to a bridge central counterparty.
(2)The Bank may not take action in respect of the bridge central counterparty without the Treasury’s consent if the action would be likely to have implications for public funds.
(3)Paragraph 111(2) and (3) have effect for the purposes of this paragraph.
Commencement Information
I1Sch. 11 para. 112 not in force at Royal Assent, see s. 86(3)