Schedule 11: Central counterparties Part 5 – Special resolution action Instruments: notification of members and creditors
Paragraph 88 sets out that, where the Bank has applied one or more stabilisation options, the Bank must send a copy of any share/property transfer or resolution instrument to the shareholders (or members, where the CCP is an unincorporated association) and creditors of the CCP known to the Bank. This is unless securities issued by the CCP have been admitted to trading on a regulated market.