How the change happened
On 9 March 2018, we received approval from the Prudential Regulation Authority (PRA) and the High Court of England and Wales (the “Court”) to complete the restructure using a legal process called a Ring-Fencing Transfer Scheme (the “Scheme”) under Part VII of the Financial Services and Markets Act 2000. The court order approving the Scheme is available here.
The Scheme became effective on 1 April 2018 and the restructure will be implemented on this date.
If you have any queries please refer to your usual contacts at Barclays.
Timetable for the Court process
- 10 November 2017: Directions Hearing agreed the overall plan for communications with stakeholders
- 1 February 2018: Case Management Conference where the process at the Sanction Hearing was discussed
- 27 and 28 February 2018: Sanction Hearing where the Court approved the Ring-Fencing Transfer Scheme
How can I protect myself from fraud?
We are committed to providing our customers and clients with the information they need to combat fraud and cybersecurity breaches. If you have any concerns around the risks of fraud or scams, information on how to protect against fraud can be found at:
Please note, a genuine bank or organisation will not contact you out of the blue to ask for your PIN, full password or to move money to another account. Never give out your personal or financial details unless it is necessary to use a service that you have requested and given your consent to, and where you trust the provider.
Where to go for more information
The Financial Conduct Authority (FCA) and the Bank of England (BoE) have published information explaining more about ring-fencing.
Information for individuals receiving banking services from Barclays
Key information about the business activities of Barclays Bank PLC following ring-fencing