Schedule 11: Central counterparties Part 5 – Special resolution action Bridge central counterparty: supplemental property transfer powers
Paragraph 73 applies where the Bank has made a share transfer instrument providing for the transfer of securities by a CCP to a bridge central counterparty. Sub-paragraph (2) outlines that the Bank may make one or more property transfer instruments in relation to the CCP.
	Sub-paragraph (3) defines a bridge central counterparty supplemental property transfer instrument.
	Sub-paragraph (4) provides that the general and specific conditions (paragraphs 17 and 19 respectively) do not apply to bridge central counterparty supplemental property transfer instruments.
	Sub-paragraph (5) provides that the Bank of England must consult the FCA, and (if the CCP is a PRA-authorised person) the PRA, before making the instrument.
	Sub-paragraph (6) provides that the possibility of making a bridge central counterparty supplemental property transfer instrument is without prejudice to the possibility of making a property transfer instrument in accordance with paragraph 29(3).
	The procedure outlined under 64 will also apply if an instrument is made under this paragraph.