Paragraph 88 Instruments: notification of members and creditorsI1I2
United Kingdom
(1)
This paragraph applies where the Bank has applied one or more of the stabilisation options in respect of a CCP.
(2)
Except where securities issued by the CCP have been admitted to trading on a regulated market (within the meaning given in section 103(1) of FSMA 2000), the Bank must send a copy of any property transfer instrument, share transfer instrument or resolution instrument made in respect of the CCP to each of the following persons who are known to the Bank—
(a)
the CCP’s shareholders or, if the CCP is an unincorporated association, its members, and
(b)
creditors of the CCP.
Annotations
Commencement
- I1
Sch. 11 para. 88 not in force at Royal Assent, see s. 86(3)
- I2
Sch. 11 para. 88 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)