# Financial Services and Markets Act 2023, Paragraph 66: Transfer of property subsequent to resolution instrument

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

(1) This paragraph applies where the Bank has made a resolution instrument.
(2) The Bank may make one or more property transfer instruments in respect of property, rights or liabilities of the CCP.
(3) Paragraph 17 does not apply to a property transfer instrument under sub-paragraph (2).
(4) Before making a property transfer instrument under sub-paragraph (2) the Bank must consult—
(a) if the CCP is a PRA-authorised person, the PRA,
(b) the FCA, and
(c) the Treasury.

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Source: https://www.legislation.gov.uk/ukpga/2023/29/schedule/11/paragraph/66 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2023/schedule-11/paragraph-66
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.