Schedule 11: Central counterparties Part 5 – Special resolution action Powers in relation to securities
Paragraph 35 sets out the interaction of the write-down power with securities, and provides that a write-down instrument may cancel, transfer, dilute, modify or convert any securities (as defined in sub-paragraph (2)).
	Sub-paragraph (3) further outlines what a write-down instrument may provide for, including provision with respect to rights attaching to securities issued by the CCP and providing for the listing of securities issued by the CCP to be discontinued or suspended. Further details are provided in sub-paragraphs (5), (6) and (7).
	Sub-paragraph (8) clarifies the interaction with FSMA 2000, whilst sub-paragraph (9) clarifies that any provision made under this paragraph is in addition to any powers in paragraph 34.