Written statements to the PRA on RFTS

This page provided information about how to serve the PRA with copies of written statements to a firm’s ring-fencing transfer schemes (RFTS).

13 May 2019: We have deleted links to information from other organisations as we became aware that these were being moved or deleted. If you need the information, please contact the relevant firm direct.

7 August 2018: This page is no longer being updated as the process for submitting written statements to the PRA on RFTS has ended.

Why is the PRA served copies of written statements to a firm’s RFTS?

Persons alleging they would be adversely affected by the carrying out of an RFTS are entitled to be heard by the court if, before the final hearing, they file (or lodge in Scotland) their written statement with the court and serve copies on the PRA and the firm whose business is to be transferred (section 110(5) Financial Services and Markets Act 2000).

The firms have provided further information on their websites about how persons can file their written statements, and by when this must be done. The deadline will be different for each firm. Please see the specific firm's website for information on how and by when you can serve a copy of your written statement on the firm:

  • Barclays Bank Plc

    Please note: the period for making a written statement to the court in relation to Barclay's RFTS has now ended and the PRA's objections portal for Barclay's RFTS has closed. 
  • Royal Bank of Scotland Plc

    Please note: the period for making a written statement to the court in relation to Royal Bank of Scotland's RFTS has now ended and the PRA's objections portal for Royal Bank of Scotland's RFTS has closed. 
  • Lloyds Banking Group Plc

    Please note: the period for making a written statement to the court in relation to LBG's RFTS has now ended and the PRA's objections portal for LBG's RFTS has closed.
  • HSBC Bank Plc

    Please note: the period for making a written statement to the court in relation to HSBC's RFTS has now ended and the PRA's objections portal for HSBC's RFTS has closed.
  • Santander UK Plc

    Please note: the period for making a written statement to the court in relation to Santander UK's RFTS has now ended and the PRA's objections portal for Santander UK's RFTS has closed.
  • National Westminster Bank Plc

    Please note: the period for making a written statement to the court in relation to National Westminster Bank Plc RFTS has now ended and the PRA's objections portal for National Westminster Bank Plc RFTS has closed. 

More information about our approach to RFTS can be found in the PRA Statement of Policy ‘The implementation of ring-fencing: the PRA’s approach to ring-fencing transfer schemes’.

How to serve written statements on the PRA

7 August 2018: Written statements can no longer be submitted to the PRA.

Further information on structural reform (also known as ‘ring fencing’) is available on the dedicated Structural Reform webpage.

This page was last updated 13 May 2019
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