The UK Financial Services (Banking Reform) Act 2013 requires the largest UK banking groups, including Santander UK, to comply with new requirements to ring-fence their retail banking from their other banking activities by 1 January 2019. Under the UK ring-fencing legislation, a ring-fenced bank is restricted from having branches or subsidiaries outside the European Economic Area (EEA). We are therefore proposing to transfer our Jersey and Isle of Man businesses from Santander UK plc to another part of the Santander Group. We will write to our Santander International customers in 2018 explaining more about this change.
Find out more about Banking Reform and Santander UK.
Santander International is the trading name of Santander UK plc, Jersey Branch and Santander UK plc, Isle of Man Branch.
Santander UK plc is incorporated in England with number 2294747 and its registered office is 2 Triton Square, Regent's Place, London NW1 3AN, United Kingdom. www.santander.co.uk. Tel. 0800 389 7000. Santander UK plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Santander UK plc's Financial Services Register number is 106054. Santander UK plc, Jersey Branch has its principal place of business at 19 - 21 Commercial Street, St Helier, Jersey JE2 3RU, Channel Islands and is regulated by the Jersey Financial Services Commission. www.santanderinternational.co.uk Tel. +44 (0) 1534 885 000. Santander UK plc, Isle of Man Branch has its principal place of business at 19 - 21 Prospect Hill, Douglas, Isle of Man, IM1 1ET and is regulated by the Isle of Man Financial Services Authority www.santander.co.im Tel +44 (0) 1624 641 888.
All accounts opened with Santander UK plc, Jersey Branch have situs in Jersey and therefore are not covered by the Financial Services Compensation Scheme established under the UK Financial Services and Markets Act 2000 or by the Isle of Man Depositors' Compensation Scheme. Santander UK plc, Jersey Branch is a participant in the Jersey Bank Depositors Compensation Scheme. The Scheme offers protection for eligible deposits of up to £50,000. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period. Full details of the Scheme and banking groups covered are available on the States of Jersey website www.gov.je/dcs, or on request.
All accounts opened with Santander UK plc, Isle of Man Branch have situs in the Isle of Man and therefore are covered by the Isle of Man Depositors' Compensation Scheme as set out in the Isle of Man Depositors' Compensation Scheme Regulations 2010 and not covered by the UK Financial Services Compensation Scheme or by the Jersey Bank Depositors Compensation Scheme.
Santander and the flame logo are registered trademarks. The latest audited accounts are available upon request. Calls may be recorded or monitored.