Key Documents

The formal legal document containing the terms of the RFTS.

The Scheme Document

A Summary of the above Scheme Document, the formal legal document containing the terms of the RFTS.

The Scheme Summary Document

The independently written report on the RFTS.

Disclaimer for Skilled Person Report:

A copy of the Report of the Skilled Person on the Proposed Ring-fence Transfer Scheme of Lloyds Banking Group dated 24 November 2017 prepared by Michael John Lloyd of Deloitte in order to assist the Court and regulators (the PRA and the FCA) in their consideration of the Scheme.

Please read this disclaimer: The Scheme Report is addressed to the Court and has been prepared solely for the use of the Group, the PRA, the FCA and the Court, and solely for the purpose of assisting the Court in determining whether the Scheme should be sanctioned. It should not be used, reproduced or circulated for any other purpose, save as set out in paragraphs 1.20 and 1.21 of the Scheme Report and with respect to the summary of the Scheme Report as set out in paragraph 1.10 of the summary. No liability (including in respect of the summary of the Scheme Report) is accepted to any person other than the Group except in so far as any liability arises to the Court from the giving of evidence. No other party is entitled to rely on the Scheme Report or the summary of the Scheme Report for any purpose whatsoever.

Deloitte and the Skilled Person have excluded liability to avoid them having potential liability to an unlimited number of people. Without this exclusion, neither Deloitte nor the Skilled Person would be able to do this work. If you are concerned with the content of the Scheme Report, the summary of it, or any part of the Skilled Person's analysis, you should take urgent advice and, if you wish to raise an objection with the Court in connection with the effect of the Scheme upon you, raise the matter with the Court under one of the procedures set out on this page [rfts] or otherwise by contacting your usual contact within the Group.

The Scheme Report should be considered in its entirety.

By clicking on the link to download any of these documents you acknowledge that you have read and understood this exclusion of liability.

The Skilled Person Scheme Report

A Summary of the above Skilled Person Scheme Report, the independently written report on the RFTS.

Disclaimer for Summary of Skilled Person Report:

A copy of the summary of the Report of the Skilled Person on the Proposed Ring-fence Transfer Scheme of Lloyds Banking Group dated 24 November 2017 prepared by Michael John Lloyd of Deloitte in order to assist the Court and regulators (the PRA and the FCA) in their consideration of the Scheme.

Please read this disclaimer: The Scheme Report is addressed to the Court and has been prepared solely for the use of the Group, the PRA, the FCA and the Court, and solely for the purpose of assisting the Court in determining whether the Scheme should be sanctioned. It should not be used, reproduced or circulated for any other purpose, save as set out in paragraphs 1.20 and 1.21 of the Scheme Report and with respect to the summary of the Scheme Report as set out in paragraph 1.10 of the summary. No liability (including in respect of the summary of the Scheme Report) is accepted to any person other than the Group except in so far as any liability arises to the Court from the giving of evidence. No other party is entitled to rely on the Scheme Report or the summary of the Scheme Report for any purpose whatsoever.

Deloitte and the Skilled Person have excluded liability to avoid them having potential liability to an unlimited number of people. Without this exclusion, neither Deloitte nor the Skilled Person would be able to do this work. If you are concerned with the content of the Scheme Report, the summary of it, or any part of the Skilled Person's analysis, you should take urgent advice and, if you wish to raise an objection with the Court in connection with the effect of the Scheme upon you, raise the matter with the Court under one of the procedures set out on this page [rfts] or otherwise by contacting your usual contact within the Group.

The Scheme Report should be considered in its entirety.

By clicking on the link to download any of these documents you acknowledge that you have read and understood this exclusion of liability.

Summary of the Skilled Person Scheme Report

A leaflet explaining the objection process and how to object.

Objection process

Summary of the terms of the Intercreditor Agreement, which is a key part of the shared security trust.

Summary of the Intercreditor Agreement