Demerger completes on 3rd February 2016
ASX Announcement :-
Demerger booklet :-
Page 348 half way down on the left hand side.
"No assurances can be given that CYBG Group will not incur liability and/or fines in connection with any non-compliance with legislation, further conduct related legal proceedings and claims from customers."
Clydesdale Demerger & IPO Investor Presentation 8th December 2015