what ring-fencing means for Other interested parties
Where there are ring-fencing related changes for other parties, we will be in contact to provide further information. As with our approach for customers, the impacts will be limited.
Some of the ring-fencing changes are made by a formal Court process
The Court process is called the Ring-Fencing Transfer Scheme (RFTS). Following the Court approving the RFTS on 12 April 2018, Lloyds Banking Group is on track to comply with the legislation in advance of the 1 January 2019 deadline. You’ll find full details about the RFTS and the Court process here.