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Independent Consultant Term Ended

10 Jan 2020 10:40

RNS Number : 4378Z
Standard Chartered PLC
10 January 2020
 

 

STANDARD CHARTERED ANNOUNCES INDEPENDENT CONSULTANT TERM ENDED AND BUSINESS RESTRICTIONS LIFTED

London, 10 January 2020 - Standard Chartered PLC announces that, as of 31 December 2019, the term of the Independent Consultant, appointed by the New York State Department of Financial Services ("NY DFS") pursuant to the 21 November 2018 Second Supplemental Consent Order, terminated and the business restrictions previously imposed by the NY DFS (specifically, the prohibitions, obligations, and suspensions set forth in paragraphs 7, 8, and 9 of the 19 August 2014 Consent Order) are no longer in effect.

For further information, please contact:

 

Mark Stride - Investor queries

mark.stride@sc.com

+44 (0)20 7885 8596

 

Shaun Gamble - Media queries

shaun.gamble@sc.com

+44 (0)20 7885 5934

ENDS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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