Schedule 11: Central counterparties Part 5 – Special resolution action Special continuity obligations: property transfers
Paragraph 90 provides that the Bank may modify, cancel or impose rights and obligations between a transferee, the residual CCP and a group company or third-party (sub-paragraph (2)).
	Sub-paragraph (3) provides that the Bank shall aim, so far as is reasonably practicable, to preserve or include provision for reasonable consideration and terms.
	Powers in this section may only be exercised if the conditions under sub-paragraph (4) are met. Sub-paragraph (5) ensures that obligations imposed under sub-paragraph (2)(d) or (e) continue to apply despite the residual CCP or group company entering insolvency.