Schedule 11: Central counterparties Part 5 – Special resolution action Public funds: bridge central counterparty
Paragraph 112 makes provision about the role of HM Treasury with regard to public funds when a CCP has been fully or partially placed into a bridge institution.
	Sub-paragraph (2) states that the Bank of England may not take any action in respect of the bridge CCP without HM Treasury’s consent if the action would be likely to have implications for public funds.
	Sub-paragraph (3) applies paragraph 111(2) and (3) for the purposes of this paragraph.