Schedule 11: Central counterparties Part 5 – Special resolution action Directors and senior managers
Paragraph 45 outlines that a share transfer instrument may be used to remove, appoint, and amend the service contract of a director or senior manager of a CCP.
	Sub-paragraph (2) clarifies that this also applies to directors or senior managers of any undertaking which is a CCP group company, in respect of a specified CCP. Sub-paragraph (4) explains that any appointments are to be on terms and conditions agreed with the Bank, whilst sub-paragraph (3) defines ‘relevant CCP group company’.