(1) A property transfer instrument made in respect of a recognised central counterparty may make provision about the consequences of a transfer for membership of the recognised central counterparty.
(2) In particular, an instrument may -
(a) make provision modifying the terms on which a person is a member of a recognised central counterparty;
(b) in a case where some, but not all, of the business of a recognised central counterparty is transferred, provide for a person who was a member of the transferor to remain a member of the transferor while also becoming a member of the transferee.