Frequently Asked Questions
- What is this case about?
- Why did I receive a Notice?
- Who is eligible to participate in the Barclays Fair Fund?
- Who is excluded from participating in the Barclays Fair Fund?
- What are the eligible Securities?
- How will payments be allocated between ADR and ordinary shareholders?
- What is the Relevant Period?
- What do I need to do to participate in the Barclays Fair Fund?
- When is the deadline to file a claim?
- Who is the Fund Administrator for the Barclays Fair Fund?
- How do I get more information or contact the Fund Administrator?
- What is this case about?
On September 29, 2022, the Commission issued the Order instituting and simultaneously settling cease-and-desist proceedings against the Respondents. In the Order, the Commission found that that Barclays Bank failed to put into place any internal control around the real-time tracking of securities being offered or sold from its shelf registration statement filed with the Commission. As a result of this failure, between June 26, 2019, and March 9, 2022, Barclays Bank offered and sold approximately $17.7 billion of securities in excess of the amount that it had registered with the Commission, in violation of Sections 5(a) and 5(c) of the Securities Act. In connection with the over-issuances and internal control failure, Barclays and Barclays Bank restated their year-end 2021 audited financial statements filed with the Commission.
The Commission ordered the Respondents to pay a $200,000,000 civil penalty to the Commission. The Commission ordered the funds paid pursuant to the Order be held in an account at the United States Treasury pending a decision whether the Commission, in its discretion, would seek to distribute the funds.
On March 30, 2023, the Commission issued an order that created the Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty paid can be distributed to harmed investors.
On November 13, 2023, the Commission appointed KCC Class Action Services, LLC, (“KCC”) as the Fund Administrator for the Fair Fund, in accordance with the Plan of Distribution approved by the SEC.
On August 1, 2025, the Commission approved a Distribution Plan for the Barclays Fair Fund (the "Plan").
Top - Why did I receive a Notice?
You received a Notice because you may have purchased or otherwise acquired Barclays American Depository Receipts (“ADRs”) that traded on the New York Stock Exchange under the symbol BCS and/or Barclays ordinary shares that traded on the London Stock Exchange under the symbol BARC between June 26, 2019, and March 27, 2022, inclusive, and suffered harm as a result of the Respondents’ misconduct described in the Order. Investors who fit these criteria may be eligible for a distribution from the Fair Fund that was established in Securities and Exchange Commission enforcement actions against the Respondents.
Top - Who is eligible to participate in the Barclays Fair Fund?
Investors who are determined by the Fund Administrator to have purchased the Securities during the Relevant Period and suffered harm as a result of the Respondents’ misconduct, and who are not Excluded Parties, as the term is defined in the approved Plan of Distribution.
You can view the approved Plan of Distribution on the Case Documents tab of this website.
Top - Who is excluded from participating in the Barclays Fair Fund?
Excluded from the Fair Fund are:
(a) the Respondents;
(b) Present or former officers or directors of Respondents or any assigns, creditors, heirs, distributees, spouses, parents, dependent children or controlled entities of any of the foregoing Persons or entities;
(c) Any employee or former employee of the Respondents or employee or former employee of any of its affiliates who has been terminated for cause or has otherwise resigned, in connection with the conduct described in the Order;
(d) Any Person who, as of the Claims Bar Date, has been the subject of criminal charges related to the conduct described in the Order or any related Commission action;
(e) Any firm, trust, corporation, officer, or other entity in which Respondents has or had a controlling interest;
(f) The Fund Administrator, its employees, and those Persons assisting the Fund Administrator in its role as the Fund Administrator; or
(g) Any purchaser or assignee of another Person’s right to obtain a recovery from the Fair Fund for value; provided, however, that this provision shall not be construed to exclude those Persons who obtained such a right by gift, inheritance or devise.
Top - What are the eligible Securities?
Eligible Securities include Barclays ADRs that traded on the New York Stock Exchange (“NYSE”) under the symbol BCS and Barclays ordinary that shares traded on the London Stock Exchange (“LSE”) under the symbol BARC.
Top - How will payments be allocated between ADR and ordinary shareholders?
The Fair Fund will be allocated to harmed investors in two stages: first to investors who suffered Recognized Losses on Barclays ADRs, and then, from any remaining funds, to investors who suffered Recognized Losses on Barclays ordinary shares, due to Barclays violations.
Top - What is the Relevant Period?
The Relevant Period is between June 26, 2019 and March 27, 2022, inclusive. The Eligible Securities are listed in the response to Question 5 above.
Top - What do I need to do to participate in the Barclays Fair Fund?
In order to be considered for eligibility to receive a Distribution Payment under the Plan of Distribution, you must return a completed Claim Form and submit acceptable supporting documentation to support your claim, by the Claims Bar Date of November 29, 2025. We encourage you to file your claim via the online filing portal. Participation in the Barclays Fair Fund does not require you to release any rights or potential claims you may have against the Respondents, including but not limited to the Respondents’ past and present directors, officers, promoters, advisers, agents, affiliates, nominees, assigns, creditors, or controlled entities.
Top - When is the deadline to file a claim?
All Claims must be filed by the Claims Bar Date of November 29, 2025.
Top - Who is the Fund Administrator for the Barclays Fair Fund?
The Commission appointed KCC Class Action Services, LLC, (“KCC”) as the Fund Administrator for the Barclays Fair Fund on November 13, 2023.
Top - How do I get more information or contact the Fund Administrator?
Additional information regarding the Barclays Fair Fund may be found on this website. You may also contact the Fund Administrator by calling the U.S. toll-free number 1-888-663-7195, the U.K. toll-free telephone number, (0) 808-304-8623, or by email to [email protected].
If you would like to get copies of the relevant documents, including the approved Plan of Distribution, please visit the Case Documents tab on this website.
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