Schedule 11: Central counterparties Part 5 – Special resolution action Replacement of Bank’s provision valuation
Paragraph 23 provides that if the Bank has carried out a provisional valuation under paragraph 22(4), the Bank must arrange for a full valuation to be carried out by an independent valuer as soon as is reasonably practicable, for the purposes outlined in sub-paragraph (2).
	The valuation under paragraph 23 must adhere to the same requirements as in paragraph 22(5) and (7)).