Schedule 11: Central counterparties Part 5 – Special resolution action Property transfer instruments
Paragraph 54 provides that property transfer instruments may be made by the Bank of England to effect a transfer of a CCP’s property, rights or liabilities. It describes the provision that a property transfer instrument may make. The instrument may transfer some or all of the property, rights or liabilities of a specified CCP. The instrument may relate to specified combinations of the specified CCP's property, rights or liabilities.