Schedule 11: Central counterparties Part 5 – Special resolution action Bridge central counterparties: share transfers
Where the Bank has made a property transfer instrument to effect the bridge CCP option, it may make bridge CCP share transfer instruments.
	These instruments provide for securities issued by the bridge CCP to be transferred and for other provision to be made in relation to the securities of the bridge CCP. Thus the Bank of England may transfer the securities of a bridge CCP.
	The general and specific conditions (paragraph 17 and 19) do not apply to transfers under paragraph 52. Paragraph 52(5) provides that the Bank must consult the FCA, and the PRA if the CCP is authorised by the PRA.
	Paragraph 48 applies where the Bank has made a transfer under paragraph 52.