Blueprint
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For
November 01, 2018
Commission
File Number: 001-10306
The
Royal Bank of Scotland Group plc
RBS,
Gogarburn, PO Box 1000
Edinburgh
EH12 1HQ
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form
20-F X Form 40-F
___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1):_________
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7):_________
Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes ___
No X
If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
________
The following information was issued as Company announcements
in London, England and is furnished pursuant to General Instruction
B to the General Instructions to Form
6-K:
Royal Bank of Scotland Group
1 November 2018
The Royal Bank of Scotland Group plc - changes to the UK
intra-Group capital and liquidity arrangements
Further to previous announcements on its restructuring activity in
response to the UK ring-fencing legislation, The Royal Bank of
Scotland Group plc ('RBSG' and, together with its subsidiaries,
'RBS Group') is today announcing changes to the management of
capital and liquidity within the RBS Group.
The RBS Group's major UK entities are parties to a legally binding
Capital Support Deed ('CSD') and a Domestic Liquidity Sub-Group
Arrangement ('DoLSub'). The CSD and the DoLSub are intra-group
capital and liquidity support agreements that secure certain
regulatory permissions authorised by the Prudential Regulation
Authority ('PRA').
To support its new ring-fenced structure, the RBS Group has sought
revised regulatory permissions from the PRA which become effective
today, and is therefore restructuring its CSD and the DoLSub
arrangements in line with previous disclosure.
As of the date of this announcement, NatWest Markets Plc holds and
manages its own liquidity portfolio and has a separate CSD (the
'Non-Ring-Fence Entities CSD') for its UK entities outside the
ring-fence; this CSD includes NatWest Markets Plc (the only UK bank
entity outside the ring-fence) and certain non-bank UK subsidiaries
of NatWest Markets Plc and will facilitate capital support among
the participating entities in the NatWest Markets group (NatWest
Markets Plc and its subsidiaries).
The RFB sub-group CSD, within NatWest Holdings plc, now includes
the four UK RFB sub-group banks (National Westminster Bank Plc, The
Royal Bank of Scotland plc, Coutts & Company and Ulster Bank
Limited) together with certain material non-bank UK subsidiaries.
To preserve its independence as the ultimate parent company, RBSG
is no longer a party to either the RFB sub-group CSD or the
Non-Ring-Fence Entities CSD.
For Further Information Contact:
RBS Investor Relations
Matt Waymark
Head of Investor Relations
+44 (0) 20 7672 1758
Paul Pybus
Head of Debt Investor Relations
+44 (0) 20 7678 1153
RBS Media Relations
+44 (0) 13 1523 4205
Forward Looking Statements
This announcement contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including those related to RBS and its subsidiaries' regulatory
capital position, and requirements, financial position, future
pension funding requirements, on-going litigation and regulatory
investigations, profitability, risk-weighted assets, impairment
losses and credit exposures under certain specified scenarios. In
addition, forward-looking statements may include, without
limitation, statements typically containing words such as
"intends", "expects", "anticipates", "targets", "plans",
"believes", "risk", "estimates" and words of similar import. These
statements concern or may affect future matters, such as RBS's
future economic results, business and capital plans and current
strategies. Forward-looking statements are subject to a number of
risks and uncertainties that might cause actual results and
performance to differ materially from any expected future results
or performance expressed or implied by the forward-looking
statements. Factors that could cause or contribute to differences
in current expectations include, but are not limited to,
legislative, fiscal and regulatory developments, accounting
standards, competitive conditions, technological developments,
exchange rate fluctuations and general economic conditions. These
and other factors, risks and uncertainties that may impact any
forward-looking statement or RBS's actual results are discussed in
RBS's UK annual report and accounts and interim reports and
materials filed with, or furnished to, the US Securities and
Exchange Commission, including, but not limited to, RBS's Reports
on Form 6-K and most recent Annual Report on Form 20-F. The
forward-looking statements contained in this announcement speak
only as of the date of this announcement and RBS does not assume or
undertake any obligation or responsibility to update any of the
forward-looking statements contained in this announcement, whether
as a result of new information, future events or otherwise, except
to the extent legally required.
Legal Entity Identifier
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The
Royal Bank of Scotland Group plc
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2138005O9XJIJN4JPN90
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National
Westminster Bank Plc
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213800IBT39XQ9C4CP71
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NatWest
Markets Plc
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RR3QWICWWIPCS8A4S074
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The
Royal Bank of Scotland plc
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549300WHU4EIHRP28H10
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Coutts
& Company
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549300OLXJ4Y010LOT34
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Date: 01
November 2018
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THE
ROYAL BANK OF SCOTLAND GROUP plc (Registrant)
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By: /s/
Jan Cargill
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Name:
Jan Cargill
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Title:
Deputy Secretary
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