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<p>The Asset Protection Agency (APA) was set up in 2009 to manage the Asset Protection
Scheme (APS), with the objective of maintaining financial stability and protecting
taxpayers’ interests by helping participating banks manage their exposure to high-risk
assets.</p><p> </p><p>The Royal Bank of Scotland (RBS) signed an ‘Accession Agreement’
to the APS dated 26 November 2009. This Agreement has previously not been published
as it contained personal and commercially sensitive information. The Agreement is
currently being reviewed with the intention of publication following redaction of
any information that remains personal and commercially sensitive.</p><p> </p><p>The
APA’s Framework Document is currently available in unredacted form at: <a href="https://webarchive.nationalarchives.gov.uk/20130129110533/http:/www.hm-treasury.gov.uk/apa.htm"
target="_blank">https://webarchive.nationalarchives.gov.uk/20130129110533/http://www.hm-treasury.gov.uk/apa.htm</a></p><p>
</p><p>The ‘Asset Management Framework and Conflicts Management Policy, and related
Modifications to the Accession Agreement’ is also available, with the exception of
a number of redactions of commercially sensitive information, at: <a href="https://webarchive.nationalarchives.gov.uk/20130129110533/http:/www.hm-treasury.gov.uk/apa.htm"
target="_blank">https://webarchive.nationalarchives.gov.uk/20130129110533/http://www.hm-treasury.gov.uk/apa.htm</a></p>
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