Schedule 11: Central counterparties Part 5 – Special resolution action Recognition of transferee company
Paragraph 108 provides that the Bank may provide for a company to which the business of a CCP is transferred (as under paragraph 29 (3)) to be treated as a CCP for the purposes of FSMA 2000.
	This provision may have effect for a period specified in the instrument, or until an event described in the instrument occurs. This power may only be exercised with the consent of HM Treasury, and by way of provision in a property transfer instrument (or supplemental instrument).