Paragraph 118 Paragraph 117: supplementalI1I2
United Kingdom
(1)
In paragraph 117 references to CCPs includes references to CCP group companies.
(2)
Where the Bank exercises a stabilisation power in respect of a CCP group company in reliance on paragraph 117, the provisions relating to the stabilisation powers contained in this Schedule (except paragraphs 17 and 19) and any other enactment apply (with any necessary modifications) as if the CCP group company were a CCP.
Annotations
Commencement
- I1
Sch. 11 para. 118 not in force at Royal Assent, see s. 86(3)
- I2
Sch. 11 para. 118 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)