Schedule 11: Central counterparties Part 5 – Special resolution action Special resolution objectives
Paragraph 15 sets out the five special resolution objectives, which the Bank must have regard to in using (or considering using) the stabilisation powers.
	With no order of priority these objectives are:
To protect and enhance the stability of the financial system of the UK (by preventing contagion and maintaining market discipline);
To protect and enhance public confidence in the stability of the financial system of the UK;
To maintain the continuity of clearing services;
To protect public funds;
To avoid interfering with property rights in contravention of a Convention right (the meaning of which is in the Human Rights Act 1998).