Brexit



Getting ready for Brexit


We know many of our customers are thinking about what’s going to happen when the UK leaves the European Union (EU). We’re already hard at work behind the scenes to make sure there is minimal disruption for our customers. Here, you’ll find information about our plan* to make sure we can continue to serve European Economic Area (EEA) customers after Brexit.

Background to Brexit

The UK is due to leave the EU on 29 March 2019. At the moment, we use EU passporting rights to carry out business in other countries that are part of the EU Single Market**. When the UK leaves the EU, we won’t have those rights anymore – unless they end up being included as part of transition arrangements or the UK and EU come to another arrangement to maintain access to the EU Single Market.

Our business in Europe

We already have a bank in the Netherlands – NatWest Markets N.V.***

We’ll be ready to serve EEA customers from NatWest Markets N.V. ahead of 29 March 2019, the date the UK is due to leave the EU – and we'll keep serving all our other customers as we do today.

More information about our plan

You can find more information about our Brexit plan and what it means for you in our customer guide, Getting Ready for Brexit. We will also update this page regularly.

In the meantime, if you need more information from us or you’d like to set up NatWest Markets N.V. as a new counterparty, please get in touch.

You can email us at brexit@natwestmarkets.com or speak to your usual contact at NatWest Markets.


 

* Our plan is subject to regulatory approval.

** Current EU passporting is provided from NatWest Markets Plc in the UK. The EU passporting regulations apply to countries across the EEA – which includes not just the EU, but also Iceland, Liechtenstein, Norway as well as Switzerland (which isn’t in the EU or EEA, but is in the EU Single Market).

*** RBS N.V. was renamed NatWest Markets N.V. on 30 April 2018.

 

Set Tab for lightbox