Blueprint
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
May 14,
2018
Barclays PLC and
Barclays Bank PLC
(Names
of Registrants)
1 Churchill Place
London E14 5HP
England
(Address
of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover of Form 20-F or Form 40-F.
Form
20-F x Form 40-F
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes No
x
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in
connection with Rule 12g3-2(b):
This
Report is a joint Report on Form 6-K filed by Barclays PLC and
Barclays
Bank
PLC. All of the issued ordinary share capital of Barclays Bank PLC
is
owned
by Barclays PLC.
This
Report comprises:
Information
given to The London Stock Exchange and furnished pursuant
to
General
Instruction B to the General Instructions to Form 6-K.
EXHIBIT
INDEX
FCA and
PRA final notices dated 11 May 2018
__________________________________________________________________________________
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, each of
the registrants has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
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BARCLAYS
PLC
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(Registrant)
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Date:
May 14, 2018
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By: /s/
Garth Wright
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Garth
Wright
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Assistant
Secretary
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BARCLAYS
BANK PLC
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(Registrant)
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Date:
May 14, 2018
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By: /s/
Garth Wright
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Garth
Wright
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Assistant
Secretary
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11 May
2018
Barclays PLC
FCA and PRA publish final notices following investigation into Jes
Staley
On 20
April 2018 Barclays announced that the FCA and PRA had issued
confidential draft warning notices to Jes Staley, Group Chief
Executive Officer of Barclays, in relation to an attempt by Mr
Staley in 2016 to identify the author of an anonymous
letter.
These
regulatory processes have now concluded, and today the FCA and PRA
have published final notices confirming their finding that Mr
Staley's actions in relation to this matter represented a breach of
Individual Conduct Rule 2 (requirement to act with due skill, care
and diligence). The FCA and PRA have imposed financial penalties on
Mr Staley of £321,200 and £321,230 respectively (in
aggregate £642,430). There were no findings by the FCA or PRA
that Mr Staley acted with a lack of integrity nor any findings that
he lacks fitness and propriety to continue to perform his role as
Group Chief Executive Officer.
Following
the resolution of the FCA and PRA processes, the Barclays PLC Board
has determined to reduce the awarded value of Mr Staley's variable
compensation for 2016 by £500,000 in respect of this
matter.
John
McFarlane, the Chairman of Barclays PLC, said:
"The
Board takes Barclays' culture and the integrity of its controls
extremely seriously. The Group's whistleblowing processes are
fundamental to ensuring that individuals feel comfortable raising
concerns and are encouraged to do so. Having considered the
findings of the FCA and PRA, the Board remains satisfied with its
conclusions as set out in the Group's announcement of 10 April
2017. Accordingly, the Board has now confirmed its decision of
April 2017 and has made a very significant adjustment to Jes's
variable compensation on the recommendation of the Board
Remuneration Committee.
The
Board is pleased that the FCA and PRA's investigations have
concluded and are now behind us. The Board has reiterated its
support for Jes, as have shareholders at last week's Annual General
Meeting. As a business, we remain focused on executing our strategy
and delivering greater returns for shareholders."
Jes
Staley, Group Chief Executive Officer, said:
"I have
consistently acknowledged that my personal involvement in this
matter was inappropriate, and I have apologised for mistakes which
I made. I accept the conclusions of the Board, the FCA, and the
PRA, following their respective investigations, and the sanctions
which they have each applied."
In
respect of the FCA's and PRA's investigations relating to Barclays
Bank PLC, each of Barclays Bank PLC and Barclays Bank UK PLC have
now agreed to be subject to requirements to report to the FCA and
PRA on certain aspects of their whistleblowing
programmes.
Barclays
continues to provide information to, and cooperate with,
authorities in the US with respect to this matter.
-ENDS-
For
further information, please contact:
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Investor
Relations
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Media
Relations
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Kathryn
McLeland
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Tom
Hoskin
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+44 (0)
20 7116 4943
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+44 (0)
20 7116 4755
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About Barclays
Barclays
is a transatlantic consumer and wholesale bank, offering products
and services across personal, corporate and investment banking,
credit cards and wealth management, with a strong presence in our
two home markets of the UK and the US.
With
over 325 years of history and expertise in banking, Barclays
operates in over 40 countries and employs approximately 80,000
people. Barclays moves, lends, invests and protects money for
customers and clients worldwide.
For
further information about Barclays, please visit our website
home.barclays