Schedule 11: Central counterparties Part 5 – Special resolution action Termination rights etc
Paragraph 84 sets out certain provisions in relation to default event provisions of the two types set out in the paragraph. Sub-paragraph (6) allows for default event provisions (e.g. termination rights) not to be triggered in relation to the exercise of a resolution measure (as defined in sub-paragraph (1)) and the occurrence of any event directly linked to the application of such a measure.