Schedule 11: Central counterparties Part 5 – Special resolution action International obligation notice: bridge central counterparty
Paragraph 110 provides that where a bank transferred all or part of a CCP’s business to a bridge CCP, the Bank must comply with any notice of HM Treasury to take, or not to take action ensuring compliance by the UK with its international obligations.
	This notice may include timing requirements, must be in writing, and may be withdrawn (generally, partially or conditionally).