![]() #LLOYS TSB OFFSHORE CODE#Lloyds Bank Corporate Markets plc, Jersey Branch, subscribes to the Jersey Code of Practice for Consumer Lending. The Jersey branch of Lloyds Bank Corporate Markets plc, principal place of business 9 Broad Street, St Helier, Jersey, JE2 3RR, is regulated by the Jersey Financial Services Commission to carry on deposit-taking business under the Banking Business (Jersey) Law 1991 and general insurance mediation business under the Financial Services (Jersey) Law 1998 and has also notified the Jersey Financial Services Commission that it carries on money service business. Services provided by the Jersey, Guernsey and Isle of Man branches of Lloyds Bank Corporate Markets plc will be subject to the regulatory regime applicable in their respective jurisdiction, which will differ in some or all respects from that of the UK.įurther information about the regulatory status of the Jersey, Guernsey and Isle of Man branches of Lloyds Bank Corporate Markets plc, is set out below. Authorisation can be checked on the Financial Services Register. #LLOYS TSB OFFSHORE REGISTRATION#Lloyds Bank Corporate Markets plc in the UK is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 763256. Registered Office and principal place of business: 25 Gresham Street, London, EC2V 7HN. Rules and regulations made under the UK Financial Services and Markets Act 2000 for the protection of depositors and investors, including the Financial Services Compensation Scheme, do not apply to the financial services business of companies within the Lloyds Banking Group carried out from offices outside of the United Kingdom. ![]() Whilst our services will be available to many customers, there are countries where, due to legal or regulatory restraints, we cannot provide them. Our International services are offered by Lloyds Bank Corporate Markets plc. For more information on ring-fencing visit /ringfencing/. Lloyds Bank Corporate Markets plc is independent from Lloyds Bank plc, which is authorised and regulated in the UK as the ring fenced bank of the Lloyds Banking Group. The Jersey, Guernsey and Isle of Man branches of Lloyds Bank Corporate Markets plc are each separately licensed as regulated deposit-takers in their respective jurisdictions. Lloyds Bank Corporate Markets plc is authorised and regulated in the UK as the non-ring fenced bank of the Lloyds Banking Group. If you decide to take up their service you will also benefit from a preferential rate. We don't offer international tax advice directly, but our Premier and Private Banking customers can be referred to tax specialist Ernst & Young for an initial appointment with no obligation. You'll need to declare your earnings in the appropriate way. If you live outside the EU Member states we pay interest gross of tax, which means we do not deduct any tax from the interest paid to you. ![]() This local tax authority will then inform your country of tax residence. ![]() Depending on the country(ies) where you are resident for tax purposes (note a US citizen is treated as US tax resident) we may be required to advise the tax authorities in the jurisdiction where the account is held (Isle of Man, Jersey or Guernsey) of any assets and interest or other income earned with us.It is your responsibility to seek independent tax advice and ensure that any tax liability in relation to funds deposited is accounted for by you or the appropriate tax authorities.It's perfectly legal to have an account in a different jurisdiction but there are tax implications you should be aware of: An offshore bank is simply a bank based in a jurisdiction outside your country of residence. Since our accounts are domiciled outside the UK, our services are sometimes referred to as 'offshore'. Our international banking services are provided by Lloyds Bank Corporate Markets plc. ![]()
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