Schedule 11: Central counterparties Part 5 – Special resolution action Private sector purchaser
Paragraph 27 sets out the first stabilisation option (private sector purchaser), which allows the Bank to sell all or part of the business of a CCP to a commercial purchaser.
	Sub-paragraph (2) provides that this transfer may be effected through either a transfer of the CCP’s shares and other securities, or some or all of its property, rights and liabilities. Both types of transfer are executed by instruments made by the Bank (a share transfer instrument or a property transfer instrument).