FSMA



Getting Ready for Brexit – Banking Business Transfer Scheme

We plan to use our banking entity in the Netherlands, NatWest Markets N.V., to serve our non-UK European Economic Area (EEA) customers when the UK leaves the European Union (EU).

We’re using a legal scheme called a “Banking Business Transfer Scheme” under Part VII of the Financial Services and Markets Act 2000 (the Scheme) to replicate master documentation for EEA customers and transfer certain existing transactions from NatWest Markets Plc to NatWest Markets N.V., an authorised credit institution. We need the approval of the Court of Session in Scotland (the Court) before the Scheme is effective.

Scheme documents

The following documents contain more information on how the Scheme works, when it is expected to take effect, what it means for you and how you can make your views about the Scheme known to the Court.  

If you still have questions or concerns after reading this information, please speak to your usual contact within NatWest Markets or email us at brexit@natwestmarkets.com
 

If you would like a copy of the petition filed to the Court in support of the Banking Business Transfer Scheme, please email brexit@natwestmarkets.com.

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