Schedule 11: Central counterparties Part 5 – Special resolution action Power to protect certain interests
Paragraph 76 sets out a power to enable certain private law rights to be protected when the property transfer powers are exercised to effect a partial transfer. A partial transfer is the transfer of some, but not all, of a CCPs property, rights or liabilities (as defined in sub-paragraph (1) of paragraph 75).
	Sub-paragraph (1) broadly defines the certain interests ("protected arrangements") for which the power may provide protection. This provision reflects the extremely broad range of relevant interests which exist in this field. The interests which the exercise of the power is intended to cover may include, for example, security interests and set-off and netting arrangements.
	Under the power, such interests may be protected in the ways set out in sub-paragraph (2), as supplemented by sub-paragraph (3).
	Sub-paragraph (4) allows for regulations to include provision for determining which arrangements are to be considered protected arrangements (with ‘arrangements’ being defined in sub-paragraph (5)).