# Financial Services and Markets Act 2023, Paragraph 54: Property transfer instrument

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

(1) A property transfer instrument is an instrument which—
(a) provides for property, rights or liabilities of a specified CCP to be transferred;
(b) makes other provision for the purposes of, or in connection with, the transfer of property, rights or liabilities of a specified CCP (whether the transfer has been or is to be effected by that instrument, by another property transfer instrument or otherwise).
(2) A property transfer instrument may relate to—
(a) all property, rights and liabilities of the specified CCP,
(b) all its property, rights and liabilities subject to specified exceptions,
(c) specified property, rights or liabilities, or
(d) property, rights or liabilities of a specified description.

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Source: https://www.legislation.gov.uk/ukpga/2023/29/schedule/11/paragraph/54 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2023/schedule-11/paragraph-54
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.