Company: BCS
Filing Date: 2025-02-19
Form Type: 424B2
Source: 0001193125-25-029335
Chunk: 56

Company: BARCLAYS PLC
Filing Date: 2025-02-19
Form: 424B2
Chunk 56
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 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

S-35

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, counterclaim, retention or netting in respect of the Issuer’s obligations under the notes against obligations owed to them by the Issuer.
Holders of the notes may therefore be required to initiate separate proceedings to recover amounts in respect of any counterclaim and may receive a lower recovery in the event of a winding-up or administration
of the Issuer than if