Important announcement (6 February 2015)
Following the announcement published on 29 September 2014, it is now expected that BNP Paribas will take over the market-making activities for the securities listed here, on Saturday 7th February 2015.
Transfer of products to BNP Paribas (29 September 2014)
On 19 February 2014, RBS announced that it had reached agreement with BNP Paribas for the sale of certain assets and liabilities related to its structured retail investor products & equity derivatives businesses, as well as associated market making activities (the “Proposed Transaction”), subject to competition approval. Such approval has been obtained, and as a result, RBS and BNP Paribas are now implementing the Proposed Transaction. BNP Paribas will take over the market-making activities for most of RBS structured retail products in 2014. In addition, BNP Paribas will be the point of contact for support and information for all such products, including some structured retail products that remain at RBS. For a list of RBS products for institutional investors where market-making is provided by BNP Paribas, please click here.
Information on these products can now be found on the website for institutional investors of BNP Paribas. To access the website of BNP Paribas, please click here. RBS is committed to maintaining all functions and services to investors up to the time when the market making activities and product support are transferred to BNP Paribas. Please contact the Secondary Market Sales Desk at BNP Paribas (email: issd@bnpparibas.com; phone: +44 207 595 8704) for further information.
Notice to Holders: 700,000 BENCHMARK CERTIFICATES ON THE AEX (ISIN: NL0009478197) (23 November 2012)
This is a notice regarding the above mentioned securities (the “Italian Securities”) only.
NOTICE TO HOLDERS OF THE SECURITIES LISTED IN ANNEX B (12 November 2012)
The Royal Bank of Scotland N.V. (“RBS N.V.”), as the issuer of the securities listed in Annex B (the “Securities”), hereby gives notice to holders of the Securities that it is substituting The Royal Bank of Scotland plc, registered in Scotland under No. SC090312, with registered office at 36 St Andrew Square, Edinburgh EH2 2YB (“RBS plc”) as issuer of the Securities in place of RBS N.V., under the contractual right of substitution contained in General Condition 8(a) of the Securities (the “Substitution”). The Substitution will take effect on 13 December 2012 (the “Effective Date”).
Important announcement (10 September 2012)
Further to the previous announcements made in relation to the Dutch Scheme, RBS is pleased to announce that the final stage of the Dutch Scheme was implemented at 00:01hrs (British Summer Time) on 10 September 2012.
Important announcement (20 July 2012)
Further to the announcement made on 4 July 2012 that the implementation of the Dutch Scheme would be deferred, RBS is pleased to announce that the Dutch Scheme is now expected to be implemented on 10 September 2012, subject (among other matters) to regulatory approvals and the approval of the Court of Session in Scotland.
Important announcement (4 July 2012)
Further to the announcement dated 18 June 2012, The Royal Bank of Scotland Group plc (RBSG), The Royal Bank of Scotland plc (RBS plc), RBS Holdings N.V. , The Royal Bank of Scotland N.V. (RBS N.V.) and RBS II B.V. have decided that, as a result of technology issues which have affected the RBS Group in the UK and Ireland, it would be prudent to defer the implementation of the Dutch Scheme which was scheduled to take place on 9 July 2012.
Important announcement (18 June 2012)
In March this year we announced the proposed transfer to The Royal Bank of Scotland plc (“RBS plc”) of a substantial part of the business of The Royal Bank of Scotland N.V. (“RBS N.V.”) carried on in The Netherlands and certain EMEA branches. This will be effected by way of a Dutch statutory demerger and a cross-border merger (the “Merger”) (together the “Dutch Scheme”).
On 18 June 2012, the Court of Session in Scotland made an order, approving the completion of the Merger. It is expected that the Dutch Scheme will take effect on 9 July 2012.
Important announcement (26 March 2012)
On 26 March, RBS filed documents for the proposed transfer of a substantial part of the business currently conducted by RBS N.V. in The Netherlands and certain of its EMEA branches to RBS plc. This will be implemented by a Dutch statutory demerger and a cross-border merger (together the “Dutch Scheme”) and is part of RBS’s on-going efforts to simplify its structure, thereby reducing risk, cost and complexity.
Expected Dutch Scheme (23 March 2012)
On 19 April 2011, the Boards of The Royal Bank of Scotland Group plc (RBSG), The Royal Bank of Scotland plc (RBS plc), RBS Holdings N.V.1 and The Royal Bank of Scotland N.V.2 (RBS N.V.) announced that they had approved the proposed transfers of a substantial part of the business activities of RBS N.V. to RBS plc (the “Proposed Transfers”), subject, amongst other matters, to regulatory and other approvals, further tax and other analysis in respect of the assets and liabilities to be transferred and employee consultation procedures.
It was also announced that it was expected that the Proposed Transfers would be implemented on a phased basis over a period ending 31 December 2013 and that a large part of the Proposed Transfers, including the transfers of certain securities issued by RBS N.V., was expected to have taken place by the end of 2012. It is expected that the Proposed Transfers will include the transfer of a substantial part of the business conducted by RBS N.V. in The Netherlands as well as in certain EMEA branches of RBS N.V.3 (the “Transferring Businesses”) to RBS plc. Such transfer is expected to be effected by way of a Dutch statutory demerger (the “Demerger”) of the Transferring Businesses to RBS II B.V. (a Dutch company licensed as a bank in The Netherlands that has been established specifically for the purposes of the Dutch Scheme), followed by the merger of RBS II B.V. into RBS plc by way of a cross-border merger (together with the Demerger, the “Dutch Scheme”). The Dutch Scheme would be subject, amongst other matters, to regulatory and court approvals.
RBS plc and RBS N.V. announce that they have today published a list of all of RBS N.V.’s Structured Retail Products for which it is possible that RBS plc can become the issuer of such securities under the Dutch Scheme, indicating whether or not RBS plc is expected to become the issuer of those securities pursuant to the Dutch Scheme (subject to the relevant securities not having been exercised, redeemed or repurchased and cancelled prior to the implementation of the Dutch Scheme).
Effective date of Part VII Scheme (17 October 2011)
On 23 September 2011, The Royal Bank of Scotland plc (RBS plc) and The Royal Bank of Scotland N.V. (RBS N.V.) (formerly known as ABN AMRO Bank N.V.) announced that the Court of Session in Scotland (the “Court”) had approved an order under Part VII of the UK Financial Services and Markets Act 2000 (the “Act”) to sanction a banking business transfer scheme in respect of eligible business carried on in the UK by RBS N.V. (the “Part VII Scheme”).
RBS plc and RBS N.V. announce that the Part VII Scheme, as approved by the Court, took effect at 00:01hrs. on 17 October 2011 (the “Effective Date”).
Important announcement (23 September 2011)
In July this year we announced the proposed transfer to The Royal Bank of Scotland plc (“RBS plc”) of certain business of The Royal Bank of Scotland N.V. (“RBS N.V.”) carried on in the United Kingdom, through a scheme pursuant to Part VII of the Financial Services and Markets Act 2000 (the “Part VII Scheme”).
The Part VII Scheme was approved by the Court of Session in Scotland at a hearing held on 23 September 2011. The Part VII Scheme will therefore take effect on 17 October 2011 (the “Effective Date”).
Important announcement (22 July 2011)
The Royal Bank of Scotland plc (RBS plc) and The Royal Bank of Scotland N.V. (RBS N.V.) have announced that they have presented a petition to the Court of Session in Scotland (the “Court”) on 21 July 2011 for an order under Part VII of the UK Financial Services and Markets Act 2000 to sanction a banking business transfer scheme in respect of eligible business carried on in the UK by RBS N.V. (the “Part VII Scheme”).
For additional information, please view the following links:
Important announcement (21 July 2011)
On 19 April 2011, the Boards of The Royal Bank of Scotland Group plc, The Royal Bank of Scotland plc (RBS plc), RBS Holdings N.V. and The Royal Bank of Scotland N.V. (RBS N.V.) announced that they had approved the proposed transfers of a substantial part of the business activities of RBS N.V. to RBS plc (the “Proposed Transfers”), subject, amongst other matters, to regulatory and other approvals.
It was also announced that, where available and practicable, statutory transfer schemes would be used to implement the Proposed Transfers. These are expected to include a banking business transfer scheme, pursuant to Part VII of the UK Financial Services and Markets Act 2000, which is subject, amongst other matters, to court and regulatory approvals, (the “Part VII Scheme”).
RBS plc and RBS N.V. have announced that they have published details of those securities issued by RBS N.V. in respect of which RBS plc is expected to become the issuer pursuant to the Part VII Scheme.