Financial services after Brexit (banking and regulation)

Last updated: 6 February 2020

The UK left the European Union on 31 January 2020. This process is often known as 'Brexit'.

We're now in a transition period (also known as the implementation period) that's likely to last until the end of December 2020. This means the UK is currently still following EU rules.

In January 2021 the transition period will end and our new relationship with the EU will begin. There will be effects on some areas of life in Scotland.

This may include changes to financial services.

The UK is now in the Brexit transition period. This means many of the details about what Brexit will mean are not yet known. This page gives the latest facts, but it will be updated as more details are confirmed. Please keep checking back for new information.

Regulators are putting plans in place to make sure UK financial services continue working, no matter what happens after Brexit.

The Financial Conduct Authority (FCA) has more information on how Brexit might affect financial services for you as a business, citizen or consumer.

More information

More details on financial services after Brexit will be added to this page as new information is available.

Meanwhile, GOV.UK has guidance on how banking, insurance and other financial services will be affected if there's a 'no deal 'situation.

The content on this site is correct as of today's date and is based on the information available at this time. Regular updates will be made as the Brexit process develops. In the event of a 'no deal', additional advice and information will be given on this site. Please continue to check back for updates.