Schedule 11: Central counterparties Part 5 – Special resolution action Transfer of ownership: report
Paragraph 116 provides that, where the Bank makes one or more share transfer instruments in respect of a CCP under paragraph 30 sub-paragraph (2) (transfer of ownership), the Bank must report to the Chancellor of the Exchequer about the exercise of the power.
	Sub-paragraph (4) provides that the first report be made as soon as is reasonably practicable after the end of one year, and the report must comply with any requirements specified by HM Treasury (sub-paragraph (3)).