Schedule 11: Central counterparties Part 5 – Special resolution action International obligation notice: general
Paragraph 109 provides that the Bank may not exercise a stabilisation power in respect of a CCP if HM Treasury notifies the Bank that the exercise would be likely to contravene an international obligation of the UK.
	This notice must be in writing, and may be withdrawn (generally, partially or conditionally) (sub-paragraph (2)), and the Bank must then consider other exercises of pursuing the resolution objectives and avoiding Treasury objections (sub-paragraph (3)). HM Treasury may disapply sub-paragraph (3) and may revoke a notice.