Frequently Asked Questions about the RFTS


Frequently Asked Questions about the RFTS


What is “ring-fencing”?

The Royal Bank of Scotland plc (“RBS plc”), along with other major UK banks, is required by UK law to separate everyday banking services such as current accounts, savings and payments, 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 the RBS group of companies is structured.

To make these changes we’re using a legal scheme called the ‘Ring-Fencing Transfer Scheme’ (RFTS). 

What is the ‘Ring-Fencing Transfer Scheme’ (RFTS) and why do we need Court approval? 

The RFTS is a court process and we need the Court’s permission before we restructure our businesses.



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