# Financial Services and Markets Act 2023, Paragraph 110: International obligation notice: bridge central counterparty

Extent: E+W+S+N.I.

(1) This paragraph applies where the Bank has transferred all or part of a CCP’s business to a bridge central counterparty.
(2) The Bank must comply with any notice of the Treasury requiring the Bank, for the purpose of ensuring compliance by the United Kingdom with its international obligations—
(a) to take specified action under this Schedule in respect of the bridge central counterparty, or
(b) not to take specified action under this Schedule in respect of the bridge central counterparty.
(3) A notice under sub-paragraph (2)—
(a) must be in writing, and
(b) may be withdrawn (generally, partially or conditionally).
(4) A notice may include requirements about timing.

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Source: https://www.legislation.gov.uk/ukpga/2023/29/schedule/11/paragraph/110 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2023/schedule-11/paragraph-110
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.