Schedule 11: Central counterparties Part 5 – Special resolution action Restriction on remuneration
Paragraph 102 provides that the Bank may, for a specified period, restrict or prohibit discretionary payments to specified employees or shareholders of a CCP, where a share transfer, property transfer or resolution instrument has been exercised. This is similar to the power set out in paragraph 13 and enables the Bank to impose a restriction on discretionary payments in instances when it has exercised a stabilisation option. The period of any restriction may not exceed 5 years.
	This power must be exercised by way of provision in a share transfer, property transfer or resolution instrument.