Ring-fencing query

Gers

I've got a letter from RBS about ring-fencing and would appreciate some clarification please.

Once sentence reads:

Any business or accounts you have with the Royal Bank of Scotland plc are due to transfer to Adam & Company plc at 00.01 on 30 April 2018. As part of this process we will rename the legal entity Adam & Company plc to to "The Royal Bank of Scotland plc" and the 'current' RBS plc will be renamed "NatWest Markets plc."

As my account is with the Childs & Co branch of RBS what branding will I have at the end of April? Adams & Co or RBS?

agrinnall

It's not entirely clear but my interpretation of this diagram is that Child & Co will remain as a separate brand within the group, so you wouldn't see any change.


https://www.rbs.com/rbs/ringfencing/overview-of-our-legal-entity.html


To add, the FCA registir entry for RBS shows that Child & Co is covered by the RBS banking licence (page 6 if you filter by Firm).


https://register.fca.org.uk/shpo_searchresultspage?FSF=1&search=child

Gers

agrinnall wrote: »

It's not entirely clear but my interpretation of this diagram is that Child & Co will remain as a separate brand within the group, so you wouldn't see any change.


https://www.rbs.com/rbs/ringfencing/overview-of-our-legal-entity.html


To add, the FCA registir entry for RBS shows that Child & Co is covered by the RBS banking licence (page 6 if you filter by Firm).


https://register.fca.org.uk/shpo_searchresultspage?FSF=1&search=child

Thanks, you have really helped. I thought I was being thick and the Adams & Co mention just confused me.

PS - interesting websites!