Company: BCS
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001193125-25-031790
Chunk: 43

Company: BARCLAYS PLC
Filing Date: 2025-02-21
Form: 424B2
Chunk 43
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 investment firm in the Group is failing or likely to fail, including the exercise by the Relevant U.K. Resolution Authority of a variety of statutory resolution powers, could materially adversely affect the value of any notes” below.

The Resolvability Assessment Framework could impact market perceptions of the Issuer and/or the Group and in turn affect the value of the notes.

The Banking Act and associated FCA and PRA rules contain requirements relating to recovery and resolution
plans, early supervisory interventions and the resolution of firms (including the bail-in tool).

The Bank of England and the PRA rules on a resolvability assessment framework (the “Resolvability Assessment Framework”) require the
largest U.K. banks (including the Group) to carry out realistic assessments of their preparations for resolution. Summaries of the same and the Bank of England’s assessment of such preparations are disclosed publicly. The outcomes of complying
with the Resolvability Assessment Framework from time to time and any possible regulatory or other actions deriving thereof may affect the way in which the Issuer and/or the Group is perceived by the market, which in turn may affect the value of the
notes.

A summary of the Group’s latest assessment and the Bank of England’s assessment thereof was published on August 6,
2024. Although the Bank of England’s assessment concluded that there are no shortcomings, deficiencies or substantive impediments identified in the Group’s resolution capabilities that could impede its ability to execute the preferred
resolution strategy, the Group will continue to work with the Bank of England, along with the Group’s other regulators and resolution authorities globally, to maintain and enhance its resolvability capabilities and operational preparedness for
resolution. The Bank of England identified three areas for further enhancement with respect to Valuations in Resolution, Operational Continuity in Resolution and Restructuring, which will form part of the Group’s continued work in delivering on
its broader commitment to further embed, test and refine the Group’s resolution capabilities and operational preparedness for resolution.

For further details on these matters, see the section entitled “Risk review—Supervision and regulation” on pages 308-320 of the 2024 Form 20-F.

Waiver of set-off

Holders of the notes waive any right of
set-off, compensation, counterclaim, retention and netting in relation to the notes insofar as permitted by applicable law. Therefore, holders of the notes will not be entitled (subject to applicable law) to
exercise, claim or plead any right of set-off, compensation