Schemes, reviews and regulations

The links below contain important legal and regulatory statements, which you should be read in conjunction with the information displayed on Bank of Scotland Commercial Banking Internet website.

The pages on this site provide information in relation to products offered by Lloyds Bank plc and Bank of Scotland plc to customers resident in the UK and otherwise. Please note that the information contained in this site may not satisfy the laws of any jurisdiction other than those of the UK, the Channel Islands or the Isle of Man.

Financial Services Compensation Scheme

Bank of Scotland

Your eligible deposits with Bank of Scotland plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme.

Lloyds Bank

Your eligible deposits with Lloyds Bank plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme.

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IRHP Review

Lloyds Banking Group (the Bank), along with eight other banks, previously agreed with the Financial Conduct Authority (FCA) to undertake a review into sales of Interest Rate Hedging Products (IRHPs) made since 01 December 2001 to certain categories of customer. The Review is now closed, having completed the final customer cases in 2018.

EMIR

No matter the type, size or sector, any business in Europe that undertakes derivative transactions, including FX forwards, will be impacted by the European Market Infrastructure Regulation (EMIR).

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Government initiatives

At Bank of Scotland Commercial Banking we are committed to making the UK economically stronger. We understand that for the economy to grow, it needs strong and vibrant businesses and for the UK economy to prosper, it needs to look beyond national boundaries and export for success.

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Commercial Banking Regulatory Information

Telephone conversations and electronic communications are recorded in accordance with recent changes to applicable regulations. Recording of such conversations and communications with you will be provided to you upon request for a period of five years, or where requested by a competent authority, for a period of up to seven years.

Benchmark Transparency statement (PDF)

Best Execution under MiFID II

Terms of Business

Financial Services Compensation Scheme statement (PDF)

Investment Recommendations

MiFID II

Obtaining pricing through eChannels (PDF)

Our approach to conflicts of interest (PDF)

Our approach to Costs and Charges Calculations (PDF)

Our approach to inducements under MiFID II (PDF)

Our approach to Order Execution and Handling (PDF)

Our approach to pricing our traded products (PDF)

Packaged Retail and Insurance-based Investment Products (PRIIPs)

Risk Disclosure Statement (PDF)

Products terms & conditions

Ensure you're up to date with our products and services' latest small print.

Economics and insight

Read our latest in-depth analysis and topical articles.

Contact us

For more information, contact your local relationship director or use our online directory.