Schedule 11: Central counterparties Part 5 – Special resolution action Supplemental instruments
Paragraph 67 states that, where the Bank of England has made a property transfer instrument in accordance with either the private sector purchaser or the bridge CCP options, it may make additional supplemental property transfer instruments. These may, among others, provide for two things: first, for property, rights and liabilities to be transferred from the original transferor; and, second, for anything that a property transfer instrument may otherwise provide for.
	Sub-paragraph (4) provides that the general and specific conditions (paragraph 17 and 19, respectively) do not apply to supplemental transfers.
	Sub-paragraph (5) provides that the Bank of England must consult the FCA, HM Treasury, and, if the CCP is a PRA-authorised person) the PRA, before making the instrument.
	Making a supplementary property transfer instrument will not prejudice the possibility of making a new instrument under paragraph 27 or 29.
	The procedure outlined under paragraph 64 will also apply if a supplemental property transfer instrument is made.