Brexit



Getting ready for Brexit

Following the June 2016 UK referendum on leaving the European Union (EU), the UK Government started the exit process by triggering Article 50 of the Treaty on European Union in March 2017.

At the moment, we use EU passporting rights* to carry out business in countries that are part of the European 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 European Single Market.

Our business in Europe

We already have a bank in Europe, NatWest Markets N.V. Based in Amsterdam, it is a fully licenced credit institution and has branches in Dublin, Frankfurt, London, Madrid, Milan, Paris and Stockholm.

On 25 March 2019, we began serving some of our EEA customers from NatWest Markets N.V.**. Depending on the outcome of the ongoing political negotiations, we may transfer further EEA customers to NatWest Markets N.V. in the future.

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.


 

*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 has access to the EU Single Market).

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

 

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