Schedule 11: Central counterparties Part 5 – Special resolution action Independent valuer: valuation under paragraph 22 or 23
Paragraph 24 provides that the Bank must appoint a person to act as an independent valuer for the purposes outlined under paragraph 22 and 23. Sub-paragraph (2) explains that the Bank may require the CCP to reimburse the Bank for costs it incurs in relation to the valuer.
	Sub-paragraph (3) notes that an independent valuer must satisfy certain requirements in order to be appointed, whilst sub-paragraphs (4), (5) and (6) provide for the duration in which a valuer may hold office, the grounds on which a valuer may be removed from office, and the actions the Bank must take upon the death, resignation or removal from office of an independent valuer respectively.