Independent Consultant Term Ended/REPLACEMENT

RNS Number : 5106Z

Standard Chartered PLC

10 January 2020

 

STANDARD CHARTERED ANNOUNCES INDEPENDENT CONSULTANT TERM ENDED AND BUSINESS RESTRICTIONS ARE NO LONGER IN EFFECT

Replacement due to title restatement.

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prohibitions, obligations, and suspensions set forth in paragraphs 7, 8, and 9 of the 19 August 2014 Consent Order) are no longer in effect.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

[e-mail]

[phone]

Shaun Gamble - Media queries

[e-mail]

[phone]

ENDS

 

END

 

 

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