Schedule 11: Central counterparties Part 5 – Special resolution action Private sector purchaser: report
Paragraph 113 provides that, where the Bank has sold all or part of a CCP’s business to a private sector purchaser, the Bank must report to the Chancellor of the Exchequer about the exercise of the power to make share and property transfer instruments under paragraph 27(2).
	Sub-paragraph (4) provides that the first report be made as soon as is reasonably practicable after the end of one year, and the report must comply with any requirements specified by HM Treasury (sub-paragraph (3)).