TSB Banking Business Transfer to Santander UK
Summary by AI BETAClose X
Application for transfer of banking business of TSB Bank plc (“TSB”) to Santander UK plc (“Santander UK”) under Part VII of the Financial Services and Markets Act 2000
10 November 2026
Santander UK announces that on 30 October 2026, Santander UK and TSB made an application (the Application) to the High Court of Justice (the Court) for an Order under section 111(1) of the Financial Services and Markets Act 2000 (as amended) sanctioning the transfer to Santander UK through a banking business transfer scheme (the Scheme) of substantially all of the business of TSB at the proposed date of transfer (with the exception of certain assets and liabilities). The terms of the Scheme are outlined in the scheme document (the Scheme Document).
A copy of the Scheme Document, an explanatory statement setting out the key terms of the Scheme and a formal notice of the transfer will be sent free of charge to any person who requests it using the contact details set out below. These documents are available to request until the date on which the Application is heard by the Court.
These and other documents relating to the Scheme are also available on TSB's website at: tsb.co.uk/santander-update. This website will be updated with any key changes in respect of the Scheme.
The Application is due to be heard before the Court on 15 February 2027. If approved by the Court, it is currently proposed that the Scheme will take effect on 22 March 2027.
Any person who thinks they would be negatively affected by the Scheme has a right to object and may contact TSB via the details below, attend the Court hearing in person, or appoint a representative to attend the hearing on their behalf.
Any changes to the date of the hearing and any details required to attend the hearing will be communicated to any such person by TSB. TSB will also make efforts to address any concerns raised before the hearing.
TSB will submit a summary of all objections it receives to the Court, as well as to the Prudential Regulation Authority and the Financial Conduct Authority.
Any requests for information, questions or concerns relating to the Scheme should be directed to TSB, using the following contact details:
Online: tsb.co.uk/santander-update
By telephone: 0345 835 7841 (or +44 203 284 1575 if calling from outside the UK). Lines will be open from 9am–5pm (UK time), Monday to Friday (excluding bank holidays)
By post: TSB Objections Team, Ingenuity House, Bickenhill Lane, Elmdon Trading Estate, Birmingham, B37 7HQ.
By attending the High Court hearing: The Rolls Building, 7 Rolls Buildings, Fetter Lane, London EC4A 1NL, United Kingdom, on 15 February 2027.
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