Schedule 11: Central counterparties Part 5 – Special resolution action Resolution instruments: effect and supplementary matters
Paragraph 79 outlines the powers of, and requirements imposed on, resolution instruments (which must be made in writing). A resolution instrument enables the Bank to exercise all stabilisation options other than those that require use of a share or property transfer instrument.
	Sub-paragraph (3) outlines that resolution instruments cease to have effect in relation to CCPs on one of the following occurring; the date specified in the instrument is reached (though the Bank may amend this in consultation with HM Treasury, as set out in sub-paragraphs (4) and (5)), a share transfer or property transfer instrument is made in relation the CCP, or any of the resolution conditions cease to have effect in relation to the CCP.
	Sub-paragraph (6) outlines that provision made in a resolution instrument will take effect regardless of any restriction arising from contracts or legislation in another way, and sub-paragraph (7) set out that it may provide for anything that is affected by the instrument to be continued that was in the process of being done immediately before the instrument takes effect (including legal proceedings).
	Sub-paragraphs (8) to (10) specify that a resolution instrument can modify references in an instrument or document, require or permit any person to provide information and assistance to the Bank or another person, and include incidental, consequential, or circumstantial provision. Sub-paragraph (11) states that an instrument ceasing to have effect does not affect the validity of anything previously done in accordance with it.