Guidance

CMA issues Directions to NatWest about bundling products

Directions issued by the Competition and Markets Authority (CMA) to NatWest to ensure it complies with the SME Banking Undertakings 2002.

• From: Competition and Markets Authority
• Published: 31 August 2022
• Last updated: 28 May 2025 바카라 사이트� See all updates

Documents

PDF, 224 KB, 15 pages

PDF, 128 KB, 5 pages

PDF, 249 KB, 18 pages

PDF, 211 KB, 2 pages

Details

In 2002, NatWest (then Royal Bank of Scotland) gave legally-binding undertakings that they would no longer (except for in specific circumstances) make small and medium-sized enterprise (SME) customers open or maintain a business current account in order to get a business loan or a deposit account. This practice is commonly known as 바카라 사이트榖undling바카라 사이트�.

Following an investigation, the CMA concluded that NatWest has breached the undertakings. The CMA has issued NatWest with written directions designed to improve its compliance with the undertakings.

The CMA also publishes an annual report on compliance with the 2002 behavioural undertakings.

Varied and consolidated directions

28 May 2025: The directions to NatWest were varied through changes to clauses 14 and 15.

Published 31 August 2022

Last updated 28 May 2025 + show all updates

1. 28 May 2025

   Varied and consolidated directions published.

2. 31 August 2022

   First published.