Schedule 11: Central counterparties Part 5 – Special resolution action Private sector purchaser: reverse property transfer
Paragraph 68 sets out that, where the Bank of England has made a property transfer instrument in accordance with the private sector purchaser option it may make reverse property transfer instruments.
	A reverse property transfer instrument may transfer property, rights or liabilities of a private sector purchaser back to the original transferor, or make other provision in connection with the transfer of property, rights or liabilities that are, could be, or could have been transferred.
	Sub-paragraph (4) provides that the Bank must obtain the written consent of the original transferee before making a private sector reverse property transfer instrument.
	Sub-paragraph (5) provides that the general and specific conditions (paragraph 17 and 19, respectively) do not apply to instruments made under paragraph 68.
	Sub-paragraph (6) provides that the Bank of England must consult the FCA, HM Treasury, and (if the CCP is a PRA-authorised person) the PRA, before making the instrument.
	The procedure outlined under paragraph 64 will also apply if a transfer instrument is made under this paragraph.