Schedule 11: Central counterparties Part 4 – Removal of directors and senior managers Restriction on remuneration: review and revocation
Paragraph 14 applies where a direction has been given under paragraph 13 in relation to a CCP, noting that the Bank must review whether the requirements are still met for the power to be exercised every 3 months, and revoke the direction immediately if they are not.
	The direction also ceases to have effect if a stabilisation power is exercised.