 On 1 February 2011, Kent Reliance Building Society transferred its business to a new bank, OneSavings Bank plc, following the purchase of a stake in its business by private equity firm JC Flowers.OneSavings Bank plc is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.It is a specialist lending and retail savings group authorised by the Prudential Regulation Authority, part of the Bank of England, and regulated by the Financial Conduct Authority and Prudential Regulation Authority.