The new rule has enforced the bank to restructure its operations to reduce the operational cost and return to profatibility, said the bank.
The Edinburgh-based bank said the new banking laws, as part of the new Retail Distribution Review regulation, will adopt a charge for customers who are seeking for investment advice from a qualified professional.
It, however, revealed its plan tol launch 351 jobs in coming days, thus reducing the net loss of jobs to 267.
The new law, which will effective from 2012 end, will clsoe financial advisers earning commission on the products they dispose to customers, and will instead charge an straight fee for advice.
In a statement issued by RBS, the bank said that the up-coming Retail Distribution Review legislation will have a "fundamental effect" on how companies deliver financial advice and for the staff involved.
"Having to cut jobs is the most difficult part of our work to rebuild RBS and repay taxpayers for their support," RBS stated.
"We continue to make efficiencies across our business to deliver greater value. We will do all we can to support our staff, offer redeployment opportunities wherever possible, keeping compulsory redundancies to an absolute minimum."
