About Barclays PLC

Barclays PLC operates as a financial services provider worldwide. The company provides retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Divisions The company operates through two divisions, Barclays UK and Barclays International. Barclays UK comprises the company’s UK Personal Banking, UK Business Banking and Barclaycard Consumer UK businesses. These businesses are carried on by the company’s U.K. ring-fenced bank (Barclays Bank UK PLC) and certain other entities within the company. Barclays International comprises the company’s Corporate and Investment Bank and Consumer, Cards and Payments businesses. These businesses are carried on by the company’s non ring-fenced bank (Barclays Bank PLC) and its subsidiaries, as well as by certain other entities within the company. Supervision and Regulation In the U.K., day-to-day regulation and supervision of the company is divided between the Prudential Regulation Authority (PRA) (a division of the Bank of England (BoE)) and the Financial Conduct Authority (FCA). Barclays Bank PLC and Barclays Bank UK PLC are authorised credit institutions and subject to prudential supervision by the PRA and subject to conduct regulation and supervision by the FCA. The company is also subject to prudential supervision by the PRA on a group consolidated basis. Barclays Capital Securities Limited is authorised and supervised by the PRA as a PRA-designated investment firm and subject to conduct regulation and supervision by the FCA. Barclays Execution Services Limited is an appointed representative of Barclays Bank PLC, Barclays Bank UK PLC, and Clydesdale Financial Services Limited. The company is also subject to regulatory initiatives undertaken by the UK Payment Systems Regulator (PSR), as a participant in payment systems regulated by the PSR. Barclays Bank Ireland PLC is licensed as a credit institution by the Central Bank of Ireland (CBI) and is designated as a significant institution falling under direct supervision on a solo basis by the European Central Bank (ECB) for prudential purposes. Barclays Bank PLC and Barclays Capital Securities Limited have put in place new arrangements in the provision of cross-border banking and investment services to customers and counterparties in the EEA, including by servicing EEA clients through the company’s EEA hub (Barclays Bank Ireland PLC). The company’s U.S. activities and operations are subject to supervision and regulation by the Board of Governors of the Federal Reserve System (FRB), as well as additional supervision, requirements and restrictions imposed by other federal and state regulators and self-regulatory organisations (SROs). Barclays PLC, Barclays Bank PLC, Barclays US Holdings Limited (BUSHL), Barclays US LLC (BUSL), and Barclays Group US Inc. (BGUS) are regulated as bank holding companies (BHCs) by the FRB. Barclays PLC, Barclays Bank PLC, BUSHL and BUSL have elected to be treated as financial holding companies under the Bank Holding Company Act of 1956. The New York branch of Barclays Bank PLC is subject to supervision and regulation by the New York State Department of Financial Services (NYSDFS). Barclays Bank Delaware, a Delaware chartered bank, is subject to supervision and regulation by the Delaware Office of the State Bank Commissioner, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Bank of New York, and the Consumer Financial Protection Bureau (CFPB). The deposits of Barclays Bank Delaware are insured by the FDIC. Barclays PLC, Barclays Bank PLC, BUSHL, BUSL, and BGUS are required to act as a source of strength for Barclays Bank Delaware. The company’s U.S. securities broker/dealer and investment banking operations, are conducted primarily through Barclays Capital Inc.; and are also subject to ongoing supervision and regulation by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and other government agencies and SROs under the U.S. federal and state securities laws. The company’s U.S. futures, options and swaps-related activities, including client clearing operations are subject to ongoing supervision and regulation by the Commodity Futures Trading Commission (CFTC), the National Futures Association, and other SROs. Barclays Bank PLC is also a U.S. registered swap dealer and is subject to the FRB swaps rules with respect to margin and capital requirements. In the U.S., BUSL is subject to the Orderly Liquidation Authority established by Title II of the US Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (DFA), a regime for the orderly liquidation of systemically important financial institutions by the FDIC, as an alternative to proceedings under the US Bankruptcy Code. Barclays Bank Ireland PLC, as a significant institution under the Single Resolution Mechanism Regulation (SRMR), is subject to the powers of the Single Resolution Board (SRB) as the Eurozone resolution authority. In the U.S., Barclays US Consumer Bank is subject to the US Federal Gramm-Leach-Bliley Act (GLBA) and the California Consumer Privacy Act of 2018, which came into effect on 1 January 2020 (CCPA). In addition, the company is subject to the US Foreign Corrupt Practices Act, which prohibits, among other things, corrupt payments to foreign government officials. History The company was founded in 1690. The company, formerly known as Barclay & Company Limited, was incorporated in England and Wales in 1896 under the Companies Acts 1862 to 1890. The company changed its name to Barclays Bank Limited in 1917 and was registered in 1982 as a public limited company under the Companies Acts 1948 to 1980. Further, the company changed its name to Barclays PLC in 1985.