Paragraph 86 Recovery of expensesI1I2
United Kingdom
The Bank may, in making a resolution instrument, share transfer instrument or property transfer instrument in relation to a CCP, direct that CCP to pay the Bank a specified fee to cover expenses reasonably incurred by the Bank in connection with exercising that option.
The Treasury may direct a CCP in relation to which the Bank has made a resolution instrument, share transfer instrument or property transfer instrument to pay the Treasury a specified fee to cover expenses reasonably incurred by the Treasury in connection with the exercise by the Bank of that power in relation to the CCP.
Annotations
Commencement
- I1
Sch. 11 para. 86 not in force at Royal Assent, see s. 86(3)
- I2
Sch. 11 para. 86 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)