Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 80

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 80
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 permitted.

Changes in law may adversely affect the rights of holders of the Securities.

Changes in law after the date hereof may affect the rights of holders as well as the market
value of the Securities. Such changes in law may include changes in statutory, tax and regulatory regimes during the life of the Securities, which may have an adverse effect on an investment in the Securities.

In addition, any change in law or regulation that triggers a Regulatory Event or a Tax Event would entitle us, at our option (subject to,
amongst other conditions, receipt of the prior consent of the PRA and/or the Relevant U.K. Resolution Authority (in either case if such consent is then required by the Capital Regulations)), to redeem the Securities, in whole but not in part, as
more particularly described under “Description of Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities—Redemption—Regulatory Event Redemption” and “Description of Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities—Redemption—Tax Redemption,” respectively.

Such
legislative and regulatory uncertainty could also affect an investor’s ability to accurately value the Securities and, therefore, affect the trading price of the Securities given the extent and impact on the Securities that one or more
regulatory or legislative changes, including those described above, could have on the Securities.

The financial services industry has
been and continues to be the focus of significant regulatory change and scrutiny (for example, the enactment in the U.K. of the Financial Services and Markets Act 2023 and the Retained EU Law (Revocation and Reform) Act 2023), which may adversely
affect the Group’s business, financial performance, capital and risk management strategies—see the section entitled “Risk review—Material existing and emerging risks—iv) Regulatory change agenda and impact on business model” on pages 196-197 of the 2024 Form 20-F for more detail. Such regulatory changes may include higher capital and additional loss absorbency requirements
and increased powers of competent authorities. Such changes, and the resulting actions taken to address such regulatory changes, may have an adverse impact on the Group’s, and therefore the Issuer’s, performance and financial condition. It
is not yet possible to predict the detail of such legislation or regulatory rulemaking or the ultimate consequences to the Group or the holders of the Securities which could be material to the rights of holders of the Securities and/or the ability
of the Issuer to satisfy its obligations under the