Paragraph 8(1) clarifies that the Bank must be satisfied the temporary manager has the relevant experience and qualifications necessary to perform the role and has no conflicts of interest.
	Sub-paragraphs (2) to (4) outline that the Bank may not appoint a temporary manager for longer than a year, may vary the terms of the appointment (and remove the temporary manager) at any point, and clarifies the limitations of what the temporary manager will be liable for.
Schedule 11: Central counterparties Part 4 – Removal of directors and senior managers Temporary manager: further provisions in relation to the appointment