Examples of RBS plc in a sentence
RBS plc and BNP Paribas agreed to work together with the aim of implementing a banking business transfer scheme pursuant to Part VII of the UK Financial Services and Markets Act 2000 (the ‘Scheme’) to effect a legal transfer of eligible transactions to BNP Paribas or one of its affiliates.
The Proposed Transfers are not expected to change the price that BNP Paribas (or one of its affiliates) or RBS plc, as the case may be, as part of their normal market making activities, may bid for such securities or structured deposits before the Effective Date.
RBS plc has discussed the Proposed Transfers with the relevant regulators, including the UK Financial Conduct Authority (FCA) and the UK Prudential Regulatory Authority (PRA).
In March 2018, following Arlingclose’s advice, the County Council removed RBS plc and National Westminster Bank from its counterparty list for unsecured investments.
It is important to note that the UK FSCS will only be applied upon any default of RBS plc, and the French DGS will only be applied upon any default of BNP Paribas.
It serves customers through a number of channels including: the RBS plc and NatWest Plc network of branches and Automated Teller Machines (“ATMs”) in the UK, telephony, online and mobile.
NatWest Group includes the UK Domestic Liquidity Sub-Group (NWB Plc, RBS plc, Coutts & Co and Ulster Bank Limited), NatWest Markets Plc and other significant operating subsidiaries that hold liquidity portfolios.
Subject to satisfaction of the eligibility conditions, structured deposits accepted by RBS plc fall under the scope of the UK FSCS, and structured deposits accepted by BNP Paribas fall under the scope of the French DGS (even though it is the London branch of BNP Paribas that will become the deposit taker).
The Business Names Register, launched in May 2012, replaced eight state and territory systems and simplified business registration in Australia by offering a single online service to register, renew and search business names.
The Scheme is a statutory banking business transfer scheme, pursuant to Part VII of the UK Financial Services and Markets Act 2000, proposed to be used to transfer certain assets and liabilities of RBS plc to BNP Paribas or one of its affiliates.Implementation of the Scheme is subject to, amongst other matters, obtaining regulatory and court approvals.