The UK voted to leave the European Union in June 2016. Following the ratification of the Withdrawal Agreement, the UK left the EU at 11pm on 31 January 2020 and entered the transition period during which negotiations on future UK/EU trading arrangements will take place.
As things stand currently, there is still uncertainty around what will happen after the transition period and what impact this will have on the wider financial services sector in the future.
Those uncertainties may have implications for the banking services we provide, and we are continuing our work on potential Brexit impacts. If there are going to be changes to the services we provide, we will let you know. Any references to European Economic Area, EEA, European Union, EU, Europe or Member State(s) in any of our documentation shall be deemed to include the United Kingdom during the Brexit transition period.
In addition to work being done locally, we are working closely on our Brexit preparations with colleagues in the Danske Bank Group. We are also engaged in regular dialogue with our regulators, both the PRA (Prudential Regulation Authority) and FCA (Financial Conduct Authority) on the UK’s departure from the European Union (EU).
To help customers understand what Brexit means for the services we deliver, we have put together answers to some frequently asked questions.