Ring-fencing

Our ring-fencing plans explained

We are making some changes to the way our business is structured. This is to prepare for a change in UK law relating to ring-fencing. The majority of our customers won't need to do anything as they are not affected.

The Royal Bank of Scotland Group plc, along with other major UK banks, is required by UK law to separate everyday banking services from investment banking. This separation is called ring-fencing and is designed to make banking safer and to help protect the UK economy. It becomes law from 1 January 2019 and to prepare for it we need to make some changes to the way our group is structured.

What this means for our customers

The majority of our customers will experience very little change. They will continue to use the same bank account they have today, with the same cards and cheque books. For those customers where there may be any difference in products, or how we provide them, we will be in touch to explain this fully.

If you’re a NatWest customer nothing will change in terms of your day to day NatWest banking arrangements. If you also bank or trade with other parts of the RBS Group you may receive further information on how those products and their interaction with your banking products may be affected.

If you are considering opening an account with RBS plc ahead of 30 April 2018, you should be aware that any new account will also be subject to the RFTS arrangements.

Our final ring-fenced legal structure and the actions taken to achieve it, remain subject to, amongst other factors, additional regulatory, Board and other approvals as well as employee information and consultation procedures. All such actions and their respective timings may be subject to change, or additional actions may be required, including as a result of external and internal factors including further regulatory, corporate or other developments.

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