Scotland Yes vote 'could force banks to move to London'
If Scotland were to vote for independence, both Royal Bank of Scotland and Lloyds could be forced to move their registered offices, or legal homes, to London under EU law, the BBC's Robert Peston has learned.
Council Directive 95/26/EC of 29 June 1995 says that banks must have their head offices "in the same member state as its registered office" and that those head offices should be located where a group has the bulk of its activities.
06 Mar 2014
- From the section Business