Bank – Regulation of financial services. HSBC, through the applicants, HSBC Bank plc and HSBC UK Bank plc, was the fourth of the five major UK banks to apply for the court's sanction of a ring-fencing scheme (the scheme) under Pt VII of the Financial Services and Markets Act 2000. The Chancery Division, in granting the application, ruled that the statutory pre-conditions for the sanction of the scheme had been, or would be, satisfied, and that it was appropriate for the court to sanction it. The court also approved certain ancillary orders which had been sought.