Schedule 11: Central counterparties Part 4 – Removal of directors and senior managers Temporary manager: instrument of appointment
Paragraph 9 clarifies that the power to appoint a temporary manager must be exercised by an instrument of appointment, which must be published if the conditions specified in sub-paragraph (7) are met.
	Sub-paragraphs (2), (5) and (6) outline the details and provisions that the instrument of appointment must or may contain, whilst sub-paragraphs (3) and (4) outline the requirements the Bank may place on the temporary manager.