*Re Barclays Bank plc and others

Bank – Financial services. The Companies Court gave directions in respect of four claims concerning the ring-fencing transfer schemes that each of the major deposit-taking banks in the United Kingdom was required by statute to have in place by 1 January 2019. The claims were made prospectively, and concerned the claimant banks' expected future applications, under s 107 of the Financial Services and Markets Act 2000 for orders sanctioning the schemes, under s 110 of that Act. The court held that the procedural innovation provided by the claim forms was well within the court's inherent jurisdiction and it made various orders concerning, among other things, notification in respect of applications under s 110, and the timetable for the future conduct of the substantive applications.

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